Micah E. Skidmore is a partner at Haynes and Boone in Dallas. Skidmore represents policyholders in significant insurance coverage disputes involving a variety of claims from commercial general liability, directors and officers liability, employment practices liability, and errors and omissions liability to first-party property claims, trade credit, and crime and fidelity claims. He can be reached at [email protected].
Whether you call it a “shutdown” or a “slowdown,” the lack of a fully funded federal government has impacted more than the 800,000 federal workers furloughed from Oct. 1 to 16.
According to economic consulting firm, IHS Global Insight, the federal budget debacle cost $1.6 billion per week in lost gross domestic product. Government contractors and other businesses, in industries from defense, health care, construction and hospitality, may face significant financial losses.
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