How Sequestration Will Impact Existing Gov't Contracts
July 10, 2012, 1:33 PM EDT
Law360, New York (July 10, 2012, 1:33 PM EDT) -- Pursuant to the Budget Control Act of 2011, an automatic budget-cutting process known as sequestration is scheduled to occur in January 2013. While the political leaders seem to agree that this would be harmful on multiple fronts and should not be allowed to occur, no viable solution has yet been offered.
In keeping with the maxim of hoping for the best but planning for the worst, this article provides a brief overview the impacts that sequestration will have on existing contracts and contract actions, and key...