Budget cut targets are K Street’s best friends

Font Size:

The new cost-cutting climate in Washington, highlighted by last week’s draft federal deficit commission report, could be a bonanza for lobbying shops.

A wide array of groups are mobilizing to oppose provisions in the nearly $4 trillion deficit cutting plan, which is not yet finalized but suggests hitting almost every aspect of the federal budget, including Social Security, Medicare, defense, the space program and oil exploration subsidies.

Even if the commission’s 10-year plan is watered down or rejected, House Republican leaders have made clear that budget cutting will be a top priority for their new majority next year. They have also said they intend to impose a moratorium on earmarks, which have been a gold mine for lobbyists seeking to secure funding for client projects.

Full Story: Budget Cut Targets Are K Street’s Best Friends : Roll Call