Cybersecurity
Contractors Stuck in Bottleneck Created by U.S. Shutdown
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The U.S. government shutdown has created a bottleneck in contracting that may hurt companies long after federal offices open and the debt-ceiling dispute is resolved.
Federal agencies award more than $500 billion a year, or a rough average of $1.4 billion a day, to tens of thousands of contractors. With each day of the partial shutdown, the pipeline risks getting more clogged by late payments, halted work and canceled solicitations for new contracts. Contractors’ fourth-quarter results might be affected.