The Beltway Buzz is a weekly update summarizing labor and
employment news from inside the Beltway and clarifying how
what's happening in Washington, D.C. could impact your
business.
Crisis Averted. For Now. Another week, another
major crisis in the U.S. Congress (and the country, for that
matter). Last week, it was funding for the federal government.
(Congress resolved that issue in typical fashion, by kicking it
down the road to early December 2021.) This week, the crisis was
the debt ceiling, and we are coming dangerously close to October
18, the date after which the United States will not be able borrow
money. By all accounts, defaulting on our nation's debt would
be a "dogs and cats, living together-mass hysteria" type
of catastrophe. Fortunately, the debt ceiling crisis appears to
have been temporarily averted, as the U.S. Senate this week agreed
to kick the can down the road on that issue as well. Assuming the
debt deal is subsequently approved by the U.S.
