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Focus on Regulation

U.S. Government shutdown and debt-ceiling impasse resolved, until early 2014

the CapitalOn October 16, after weeks of stalemate and false starts, the U.S. Senate and House both passed legislation, signed by President Obama, to increase the U.S. debt-ceiling and continue to fund U.S. Government operations through January 15, 2014. Though efforts had been made over the past two weeks — in both houses and by both parties — to include provisions relating to the Affordable Care Act (ACA), entitlement spending, tax reforms, and sequestration, among other issues, the final legislation signed into law dealt with almost none of these issues, with the exception of a provision requiring income verification for subsidies under the ACA.

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