Tag: Government

Those working in construction credit know all too well how important lien rights are on any project. Regardless of what stage a project is in or whether you are serving as a contractor or subcontractor, it is essential that a credit manager understands their lien rights in that particular state to best protect themselves from risk.

Congress came back to Washington on Jan. 3 to officially swear-in Members for the 2025-26 cycle. This was also President Trump and Speaker Johnson’s first real test of their razor-thin majority–could Republicans avoid another debacle in their efforts to elect the next Speaker of the House? The answer was a tepid ‘yes’.

As the construction industry prepares for the effects of Present-elect Donald Trump’s economic policies—such as tariffs on imported materials, reduced tax rates and deregulation—credit managers face both opportunities and risks. While these measures could stimulate industry growth, they also have the potential to drive inflation, increase interest rates and escalate government debt.

As a B2B credit manager, you have likely worked with a diverse range of customers, from small local businesses to expansive national chains. But venturing into the realm of federal government contracts presents a new set of challenges.

With Donald Trump’s victory in the 2024 U.S. presidential election, credit managers are facing a new political landscape that will directly influence the economy and credit risk management.

Now that we have some details about each Presidential candidate’s economic plan, there are a few interesting finds. In some cases, the policies are not too different or are even the same. But on most issues, the approaches are wildly different, and with many of the 2017 Trump tax cuts expiring in 2025, next year will be pivotal in determining tax policy for the next five to ten years.

What a rollercoaster. Now that we have a new Democratic nominee for the presidential race, along with both vice president picks, we’re expecting to see the race to settle a bit over the next few weeks. Congress will come back from the August recess in mid-September to pass a government funding bill, most likely a Continuing Resolution, either through December or early next year, just to get through the election.

It is unclear what Chairman Sherrod Brown hoped to achieve when he convened a hearing with the eight CEOs of the largest banking institutions in the U.S. on Wednesday, Dec. 6. What he got wasn’t hard to predict—a well-choreographed lobbying campaign against the proposed Basel III ‘Endgame’ regulations that are set to be finalized next year. While Chairman Brown and a few Democrats tried to defend the new regulations, the coordinated attack from sympathetic Republican Senators was echoed by every single CEO testifying and dominated Wednesday’s hearing.

A mechanic’s lien is a tool to secure payment across all states. However, each state has adopted their own unique set of rules or statutes which must be followed to preserve and protect rights. Nearly 10 years ago, statute laws in Iowa changed, developing a registry for filing preliminary notices on residential projects.