Sequestration, shutdown take a bite out of contractor revenue

Originally posted by Frank Kankel on FCW

WHAT: A study titled "Sequestration and Government Shutdown Negatively Impacting Majority of Government Contractors" by MarketConnections Inc. and Lohfeld Consulting Group, released Dec. 17.

WHY: Federal contractors took major financial hits from sequestration and the 16-day partial government shutdown in October. According to the study, nearly 31 percent of contractors reported revenue declines of more than 10 percent in 2013, with another 30 percent reporting declines of less than 10 percent. Sixteen percent of contractors surveyed - a mix of 220 large, medium and small businesses - flat-lined revenue, while 15 percent managed moderate to significant growth.

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Obama signs bill to end partial shutdown, stave off debt ceiling crisis

Originally posted by Tom Cohen, Greg Botelho & Holly Yan, on CNN

Washington: It's over. But just for now.

President Barack Obama signed a bill that ends the 16-day partial government shutdown and raises the debt ceiling, the White House said early Thursday morning.

Weeks of bitter political fighting gave way to a frenzied night in Washington as Congress passed the bill that would prevent the country from crashing into the debt ceiling.

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US Government Shutdown Hampers Attendance at Defense Conferences

Originally posted by Marcus Weisgerber and Michelle Tan on Defense News

WASHINGTON -- The US government shutdown and travel restrictions placed on Pentagon civilian and military officials who are still working is hampering attendance at defense conferences.

At least one major conference has been postponed and uncertainty surrounds several upcoming events.

On Wednesday, the United States Geospatial Intelligence Foundation -- which organizes the GEOINT Symposium, scheduled for next week in Tampa, Fla. -- postponed the event until spring 2014 due to travel bans on military and government personnel.

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Friday Update: New Event Postponements and Cancellations Due to Government Shutdown

We have a few more event updates for next week to share:

NDIA Air Armament Symposium in Ft. Walton Beach, FL scheduled for October 8 & 9, has been rescheduled for November 5-6, 2013. POSTPONED.

Government Technology's Langley Air Force Base in Hampton, VA scheduled for October 8, 2013. POSTPONED.

Potomac Forum's Navigating the Federal Financial Management Shared Services Landscape Training Workshop in Washington, DC scheduled for October 8, 2013.  POSTPONED.

Global Health Care's 7th National Emergency Management Summit in Atlantic City, NJ scheduled for October 8-9, 2013.  CANCELLED.

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Federal Government Shutdown: Another Blow to Government Events?

With over 250 government events scheduled for October, the trickle-down effect of the government shutdown could have a quite an impact.

However, 57 hours in--the vibe is pretty optimistic, and many organizers are pushing forward as scheduled.

In fact, there's only a short list of events that have been cancelled or postponed this week:

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