What Holiday? Fiscal Talks a Grinch From K Street to Wall Street

December 14, 2012

Tim Delaney had hoped to see family in Texas and Arizona for the holidays. Now, the chief executive officer of the National Council of Nonprofits is stuck in Washington because of a deadlock in U.S. budget negotiations.

“Holiday? Really?” said Delaney, who needs to keep his members informed as Congress and the White House approach a Dec. 31 deadline to avoid a combination of expiring Bush-era tax breaks and automatic spending cuts.

The stalemate has disrupted the holidays for industry representatives, attorneys, financial analysts, lobbyists and others who must keep tabs on the talks. They are holding back on vacations, working through them or being put on call.

“Nobody knows what Congress will or will not be doing,” Delaney said in a telephone interview. “Historically, they’ve not met on Christmas Eve. But if they do, I will be here. If they don’t, I will still be here, monitoring what’s going on.”