With the holidays this week I will only be writing one blog. I think it is appropriate that we take a minute to reflect on the legislation that passed last week relative to the budget. There are two significant pieces of legislation to the small business government contractor. The 2014 National Defense Authorization Act and the Ryan-Murray Bipartisan Budget Act (BBA) are these significant pieces of legislation. These bills basically keep defense spending at the 2013 levels. While this is not an increase, it is better than the severe cuts that would have been put in effect with sequestration. As we discussed in the blog last week about the Ryan-Murray Bipartisan Budget Act, how the country pays for these "protected" levels of spending may be debated for some time. The key is, that the government can go back to work and operate with some certainty that the budget is fairly established for the next 2 years. This will help with stability and with continuity. So the reductions in programs will not be as severe as originally feared for 2014. This should help small business in getting some contracts that maybe have been held up due to uncertainty. The money should start to flow and the contractors should start to see work coming their way.
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Well this looks like some good news coming out of Washington for a change. Congress has put together a budget proposal that will help keep the government running for the next 2 years and soften the blow of sequestration. This, of course, assumes that both houses can come to agreement and the President doesn't veto the bill. I think none of those things will happen and we will get a budget bill to pass.