"Shutdown and Debt Ceiling Crisis Would Pose Distinct Challenges for Government Operations"

Absent intervening legislation, the U.S. federal government’s appropriations will lapse on October 1, 2013, prompting a government shutdown. Separately, the secretary of the Treasury has informed Congress that, no later than October 17, 2013, the…
By: Skadden, Arps, Slate, Meagher & Flom LLP