A panel featuring Steven Murphy (S&P), Marcia Howard (Federal Funds Information Services for the States), and Chris Hoene (National League of Cities).

In August, Congress passed and the President signed the debt ceiling legislation into law, setting a series of deadlines that will affect every state and local budget and, potentially, fundamentally alter the process for financing capital and operating needs. With more than $1 trillion in federal spending on the chopping block and possible changes in the federal tax code looming to deal with the U.S. deficit crisis, the Center for State & Local Leadership of George Mason University hosted a forum to examine and analyze how this federal law would affect the nation’s state and local governments, their elected leaders, and the services they provide.