With the “fiscal cliff” closely looming on the horizon, the post-election honeymoon is over for President Barack Obama. Both parties must work to avert the pending spending cuts and tax hikes that will take place should a compromise not be reached by December 31.
Reuters recently reported that a compromise is being negotiated between the Obama administration and congressional leaders that would key in on a deficit reduction package in Congress’ January session. This comes after President Obama and House Speaker John Boehner (R-Ohio) discussed the matter last Friday, stating they are ready to work together on an agreement, including the possibility of listening to new ideas to get a deal done. Keep reading →
During this time of budget constraints, the federal government is seeking low-priced, technically acceptable (LPTA) solutions to keep projects and innovation alive. In other words, agencies need to find ways to keep technological innovation moving forward, albeit with tighter purse strings.