Government Affairs
BY RICH MEADE , CHAIRMAN , PRIME POLICY GROUP
Be sure to look for continuing Government Affairs updates via the CLDA Twitter account (@ theCLDA ) as well as on the CLDA website and email alerts . If you have any questions on the CLDA Government Affairs activities or would like to become more involved , please contact Mark McSweeney , mmcsweeney @ clda . org .
The big issue in Washington right now is the need for Congress to raise the limit on public debt our country has . We have technically already breached the debt limit that is in law . However , the Department of Treasury is utilizing “ extraordinary measures ” to keep the government funded . Extraordinary measures is a process which allows Treasury to pull money out of certain accounts that are technically supposed to be walled off ( like trust funds ). Also , Treasury has indicated that tax revenues are coming in stronger than previously anticipated . Between those two factors we do not expect this issue to come to a head until the summer or possibly even the fall . Some economists are projecting the debt limit won ’ t have to be raised until after the new fiscal year starts on October 1st .
The President and Democratic Members of Congress are taking the position that Congress needs to pass a clean debt limit and there should be no negotiation over what other policies need to ride along with it . Republican Members of Congress are calling on the President to negotiate a package that addresses our country ’ s fiscal issues .
Speaker McCarthy and the President did meet on the debt limit and many other issues on February 1st at the White House . In the weeks since that meeting , Speaker McCarthy has claiming victory for the fact that he believes the President is negotiating . Speaker McCarthy is fixed on putting in place discretionary spending caps at the fiscal year 2022 level to generate budgetary
8 customized logistics & delivery Magazine I spring 2023