Kevin Mullen spoke to Law360 about the uncertainties that the potential threat of the U.S. government defaulting on its debt presents for federal contractors, who risk subcontracting disputes and even going out of business by not being at the top of the government's funding priorities list.
“All we really have are the rules governing the appropriation and obligation of funds generally, along with the structure of government accounts,” Kevin said. “What practical options do agencies have and what legal obligations do contractors have in the event of a debt ceiling problem like this? We're largely rudderless, as we try to predict how things will play out under those very basic established rules.”
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