Small business owners who rely on federal contracts are worried about how much business they'll get from the government if big spending cuts go into effect. Vince Fudzie, CEO of Triune, a general contracting company based in Dallas, says business with the government has been shrinking since 2006, and the cliff presents yet another challenge. He's already been waiting to find out if he'll get approval to finish a dormitory project for the Department of Labor that's 95 percent complete.
If no agreement is struck, Fudzie says he'll have to re-evaluate his business and see if it can find new niches to fill.
"Even in a bad economy, there are pockets that are doing better. We have to figure out, what are we good at?" he says.
In the meantime, he's frustrated by lawmakers' inability to reach a deal."We elect these seemingly reasonable people to go to Congress and they seem unwilling to get along," he says.