If the federal government fails to increase the debt ceiling next week, work can still continue on defense contracts, Richard Ginman, director of defense procurement and acquisition policy at the Pentagon, said Wednesday. “The issue is not one of default,” Ginman told defense writers in Washington, D.C. “We have appropriations. The issue is cashflow.” If a payment is due to a contractor and the government is short of funds, Ginman said, invoices would be payable when the money became available, though “there may be interest” charged by the contractor. If there’s no new debt ceiling, “we can continue to write contracts,” said Ginman, but the day of payment would be in question, and not under the Pentagon’s control. “As revenues come in,” he noted, the issue will be for the Treasury Department, and not the Pentagon, “to determine what is the sequence in which we pay bills.”
Matthew Lohmeier, who was fired from a Space Force squadron command just two years ago, took another step in his unlikely journey to the Department of the Air Force's No. 2 job May 1, testifying before the Senate Armed Services Committee that his background as an Air Force F-15C pilot…