News
March 4, 2013

Department of Defense Announces Plan to Slow Payments to Contractors

Arnold & Porter Advisory

In light of the US$46 billion in automatic defense spending cuts, now in effect as of March 1, 2013, the Department of Defense (DoD) announced that it would be slowing payments in an attempt to increase its short-term cash availability.

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Paul E. Pompeo
Paul E. Pompeo
Partner
Washington, DC
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