In the realm of government services, there’s a seismic shift taking place—one where private equity firms are increasingly becoming the go-to players in mergers and acquisitions. Reminiscent of a boa constrictor swallowing an elephant, IBM Consulting’s acquisition of Octo Consulting for $1.25 billion was a high-profile example of this trend.

In Fiscal Year (FY) 2022, the United States allocated $766 billion to national defense, accounting for 12% of federal spending. While this may be less than the decade average of 15%, it underscores the country’s continued commitment to security and military strength. As we explore the intricacies of the U.S. defense budget, one thing is evident: National defense remains a top priority for the American government.

The realm of federal contracting has long been a labyrinth of legal, regulatory, and financial complexities. While the focus is often on efficiency and effectiveness, a critical component that sometimes takes a back seat is equity. This article aims to highlight the importance of equitable practices in federal contracting and how the Federal Reserve’s role in capital lending can indirectly impact this essential objective.

In an era where the economic impact of small businesses is more significant than ever, the federal government has stepped up its game. The Biden-Harris Administration has outdone itself, setting an all-time high in federal procurement opportunities for small businesses. How high, you ask? A staggering $162.9 billion in the fiscal year 2022 alone.