Fiscal Battles Portend Good Year Ahead for K Street

by - January 17, 2013

When the congressional agenda includes cuts to entitlements and defense programs, a fight over the debt ceiling and potential tax changes that could affect virtually every sector of the economy, you can bet on one thing: Lobbyists will be very busy this year.

K Street executives do not predict dramatic growth in their industry for 2013, but they do expect a steady uptick in revenue with clients deeply vested in what comes out of Washington, D.C.

“Everything’s on the menu, which is why business is good,” said Steve Elmendorf, a Democratic strategist who runs Elmendorf|Ryan. “Those fiscal deals potentially impact everybody. There’s almost no client who’s not interested in the outcome. And it’s hard to predict.”

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