With fewer dollars from Uncle Sam in the coming years, government-contracts attorneys in Washington are preparing their clients about what could happen to them after plans for a smaller federal budget are hashed out on Capitol Hill. The spending drought means contracts lawyers are having to soothe some jittery clients.
A glimpse into the impending decrease in federal spending will come Nov. 23, when the congressional “supercommittee” is tasked with making its recommendation on how to reduce the budget by at least $1.2 trillion over the next 10 years. Defense and aerospace contractors, sitting directly on the committee’s budget-chopping block, are among the most anxious.
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