WAMU 88.5 : News

Federal Contractors Watching Debt Ceiling Talks Closely

Play associated audio

Board of trade president Jim Dinegar says a recent survey of member companies shows the debt ceiling deadline is weighing heavily on the minds of just about every business leader in the area.

"92 percent were concerned or very concerned about the potential for missing the August 2 deadline," he says.

Dinegar says a federal default could not only stifle sales and consumer spending, but also affect the cost of doing business by making it more expensive for businesses and municipalities to get loans.

Federal contractors are already seeing a slowdown in the awarding of contracts as government agencies wait for some sort of conclusion to the debt-ceiling standoff, he adds.

"You have contracts on the desk, ready to be signed, and we're hearing from the businesses around greater Washington that some of those contracts are not being signed," Dinegar says. "They're just being held -- a bit of hurry up and wait."

Dinegar says many businesses have already put teams together to deal with the fallout of a federal default, which is a move the board of trade strongly recommends.

NPR

Nina McLemore's Clothes Are A 'Weapon' Of Powerful Women

Nina McLemore designs clothes for powerful women: Hillary Clinton, Elizabeth Warren, Janet Yellen, Elena Kagan and others. She talks about how fashion can help women stand out in political office.
NPR

After Italy Quakes, Food World Delivers Support To Home Of Famous Pasta Dish

Amatrice was set to host the 50th celebration of pasta all'Amatriciana famously made there, but this week's earthquake devastated the town. NPR's Scott Simon speaks with food blogger Jeremy Cherfas.
NPR

Why Trump's Minority Outreach May Really Be About White Voters

Republican presidential candidate Donald Trump has publicly tried to reach out to minority voters. But that outreach may really be aimed at improving his standing with suburban white voters.
WAMU 88.5

Want To Play Video Games Made In D.C.? Here's Your Chance.

An event called District Arcade brings together 23 locally made video games.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.