Upcoming dates following government shutdown

Early in the morning of October 17, President Obama signed a bill into law reopening the federal government and extending U.S. borrowing authority. But the law contains deadlines that could leave the country facing the same issues again. Here are the important dates in the law –

* December 13, 2013 – Report required from Congressional budget negotiators on how to solve long-term budget issues.

* January 15, 2014 – Date after which federal government funding runs out.

* February 7, 2014 – Debt limit extension expires.

David Bradsher, CPA