{"672251":{"#nid":"672251","#data":{"type":"news","title":"Georgia Tech Prepares for Potential Federal Government Shutdown","body":[{"value":"\u003Cp\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003EThe United States government is quickly approaching the extended deadline of Jan. 19 to reach an agreement on federal spending for the current fiscal year, which began October 1, 2023. This date is one of two extended deadlines passed by Congress in November to fund the U.S. government into 2024. The second deadline is currently set to expire Feb. 2. \u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003EIf an agreement is not reached by the Jan. 19 deadline, it will result in a partial government shutdown, which will affect many programs, including the federal contracting work performed by Georgia Tech.\u0026nbsp;\u003Cspan\u003E\u003Cspan\u003ECurrently, Georgia Tech receives more than $85 million per month in federal funding for its research activities.\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u201cAs we have anticipated in previous scenarios, most Institute operations would not be immediately affected. However, a prolonged federal shutdown would require measures to \u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003Cspan\u003Epreserve cash and maintain campus operations\u003Cspan\u003E\u003Cspan\u003E,\u201d \u003C\/span\u003E\u003C\/span\u003E\u003Cspan\u003Esaid Jim Fortner, vice president for Finance and Planning and interim chief financial officer. \u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003ELeadership continues to monitor the situation and is ready to implement strategies to help ensure business continuity in the event \u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003Cspan\u003Eof a partial or full federal government shutdown. \u003Cspan\u003ECurrent mitigation strategies include monitoring cash balances, accelerating federal invoicing, and assessing the need to defer major purchases and non-essential travel. \u003C\/span\u003EMore information, including how specific federal agencies are affected, will be provided as the situation develops.\u0026nbsp;\u0026nbsp;\u003C\/span\u003E\u0026nbsp;\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/p\u003E\r\n","summary":"","format":"limited_html"}],"field_subtitle":"","field_summary":[{"value":"\u003Cp\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003EThe Institute continues to monitor the situation in the event that a partial federal shutdown occurs after the extended Jan. 19 deadline.\u003C\/span\u003E\u003C\/span\u003E\u003Cspan\u003E\u003Cspan\u003E As a result of Georgia Tech\u2019s proactive financial planning, most Institute operations would not be immediately affected. As anticipated in previous shutdown scenarios, the longer a shutdown lasts, the greater the likelihood that operational changes would be necessary.\u003C\/span\u003E\u003C\/span\u003E\u0026nbsp;\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/p\u003E\r\n","format":"limited_html"}],"field_summary_sentence":[{"value":"The Institute continues to monitor the situation in the event that a partial federal shutdown occurs after the extended Jan. 19 deadline. "}],"uid":"27164","created_gmt":"2024-01-18 01:49:49","changed_gmt":"2024-01-18 13:58:13","author":"Rachael Pocklington","boilerplate_text":"","field_publication":"","field_article_url":"","dateline":{"date":"2024-01-17T00:00:00-05:00","iso_date":"2024-01-17T00:00:00-05:00","tz":"America\/New_York"},"extras":[],"hg_media":{"672788":{"id":"672788","type":"image","title":"U.S. Capitol in Winter","body":"\u003Cp\u003EU.S. Capitol in Winter\u003C\/p\u003E\r\n","created":"1705586117","gmt_created":"2024-01-18 13:55:17","changed":"1705586167","gmt_changed":"2024-01-18 13:56:07","alt":"U.S. Capitol in Winter","file":{"fid":"256105","name":"DC capital winter.jpg","image_path":"\/sites\/default\/files\/2024\/01\/18\/DC%20capital%20winter.jpg","image_full_path":"http:\/\/hg.gatech.edu\/\/sites\/default\/files\/2024\/01\/18\/DC%20capital%20winter.jpg","mime":"image\/jpeg","size":1252269,"path_740":"http:\/\/hg.gatech.edu\/sites\/default\/files\/styles\/740xx_scale\/public\/2024\/01\/18\/DC%20capital%20winter.jpg?itok=mC8b_F5c"}}},"media_ids":["672788"],"groups":[{"id":"1214","name":"News Room"}],"categories":[],"keywords":[],"core_research_areas":[],"news_room_topics":[{"id":"71871","name":"Campus and Community"}],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[{"value":"\u003Cp\u003E\u003Ca href=\u0022mailto:rpocklington@gatech.edu\u0022\u003ERachael Pocklington\u003C\/a\u003E\u003Cbr \/\u003E\r\nInstitute Communications\u003C\/p\u003E\r\n","format":"limited_html"}],"email":["rpocklington@gatech.edu"],"slides":[],"orientation":[],"userdata":""}}}