{"673227":{"#nid":"673227","#data":{"type":"news","title":"Georgia Tech Prepares for Potential Federal Government Shutdown","body":[{"value":"\u003Cp\u003E\u003Cem\u003EUPDATE (March 21, 2024): The second federal government funding deadline of March 22 is approaching. The Institute continues to monitor the situation to ensure business continuity in the event there is a partial shutdown. More information will be provided as the situation develops.\u003C\/em\u003E\u003C\/p\u003E\r\n\r\n\u003Cp\u003E***\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cem\u003EUPDATE (March 1, 2024): Lawmakers have passed a continued resolution to extend the deadlines to secure funding for the U.S. government \u2013 temporarily averting a federal government shutdown. The new deadlines are set to expire on March 8 and March 22. The Institute continues to monitor the situation and will provide updates as the situation develops.\u003C\/em\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\u003Cem\u003E***\u003C\/em\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\u003EThe United States government is nearing the extended deadlines to finalize an agreement on federal spending for the current fiscal year, which began on Oct. 1, 2023. Congress established two extended deadlines in January to secure funding for the U.S. government through the fiscal year, with a March 1 deadline for some agencies, and a second deadline for the remaining agencies on March 8. \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\u003EIf an agreement is not reached by the March deadlines, it will result in a federal government shutdown, which will affect many programs, including federal contracting work performed by Georgia Tech.\u0026nbsp;\u003C\/span\u003E\u003C\/span\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003EOf the two deadlines, the March 1 deadline will have a lesser effect on Georgia Tech\u2019s funding sources. \u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003Cspan\u003E\u003Cspan\u003ECurrently, Georgia Tech receives approximately $100 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\/p\u003E\r\n\r\n\u003Cp\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u201cWe have been planning for a potential federal shutdown for quite some time. As we have anticipated in previous scenarios, most Institute operations would not be immediately affected,\u201d said Jim Fortner, vice president and deputy chief business officer for Administration and Finance. \u201cHowever, a prolonged federal shutdown would require measures to\u0026nbsp;preserve cash and maintain campus operations.\u201d\u0026nbsp;\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\u003ELeadership continues to monitor the situation and is ready to implement strategies to help ensure business continuity in the event\u0026nbsp;of a partial or full federal government shutdown.\u0026nbsp;Mitigation strategies include monitoring cash balances, accelerating federal invoicing, and assessing the need to defer major purchases and non-essential travel.\u0026nbsp;More information, including how specific federal agencies are affected, will be provided as the situation develops.\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/p\u003E\r\n","summary":"","format":"limited_html"}],"field_subtitle":"","field_summary":[{"value":"\u003Cp\u003EThe second federal government funding deadline of March 22 is approaching. The Institute continues to monitor the situation to ensure business continuity in the event there is a partial shutdown.\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 March 22 deadline. "}],"uid":"27164","created_gmt":"2024-02-28 01:05:09","changed_gmt":"2024-03-21 12:50:12","author":"Rachael Pocklington","boilerplate_text":"","field_publication":"","field_article_url":"","dateline":{"date":"2024-02-28T00:00:00-05:00","iso_date":"2024-02-28T00:00:00-05:00","tz":"America\/New_York"},"extras":[],"hg_media":{"673242":{"id":"673242","type":"image","title":"U.S. Capital Building ","body":null,"created":"1709082234","gmt_created":"2024-02-28 01:03:54","changed":"1709082120","gmt_changed":"2024-02-28 01:02:00","alt":"Image of the U.S. Capital Building in Washington D.C. ","file":{"fid":"256605","name":"GettyImages-1706149943.jpg","image_path":"\/sites\/default\/files\/2024\/02\/27\/GettyImages-1706149943.jpg","image_full_path":"http:\/\/hg.gatech.edu\/\/sites\/default\/files\/2024\/02\/27\/GettyImages-1706149943.jpg","mime":"image\/jpeg","size":4999707,"path_740":"http:\/\/hg.gatech.edu\/sites\/default\/files\/styles\/740xx_scale\/public\/2024\/02\/27\/GettyImages-1706149943.jpg?itok=vpB8oVOj"}}},"media_ids":["673242"],"groups":[{"id":"64319","name":"Administration and Finance"},{"id":"220261","name":"Finance and Planning"},{"id":"1214","name":"News Room"},{"id":"208681","name":"Office of Sponsored Programs (OSP)"}],"categories":[],"keywords":[{"id":"193108","name":"federal shutdown"}],"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\u003ERachael Pocklington\u003Cbr \/\u003E\r\nInstitute Communications\u003C\/p\u003E\r\n","format":"limited_html"}],"email":["rpocklington@gatech.edu"],"slides":[],"orientation":[],"userdata":""}}}