On May 19, the U.S. hit the debt limit. This weekend the Treasury Department stopped issuing State and Local Government securities, part of the agency's "extraordinary measures."

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FAA Administrator Michael Huerta said at a hearing that while he is grateful for the law Congress passed to end air traffic controller furloughs and stave off contract tower defunding, it "does not end the sequester. We will not enjoy the benefits or the stability that the FAA reauthorization provides until we find a sensible long-term solution."

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Helicopter Association International reports that the U.S. Internal Revenue Service has determined that tax assessments as a result of federal excise tax audits will be suspended while the agency works on additional guidance.

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The U.S. Department of the Interior on May 16 released a revised proposal to regulate the controversial oil and gas development process of hydraulic fracturing, or "fracking," when it occurs on public lands.

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The rapid development of technology in the cockpit has provided many opportunities to automate and digitize much of the hard copy documentation once carried on board an aircraft. Electronic copies of contract required items are allowed for the 2013 fire season on all national Type I and Type II Helicopter contracts.

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Speculation is mounting that the Bureau of Land Management is likely to release its reworked rules for hydraulic fracturing on federal lands by the end of the week. The Obama administration also appears poised to announce approval of at least one new plant to export liquefied natural gas.

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A group of individuals and business owners from six states filed suit May 9 against the federal government over the health reform law’s employer coverage requirement and penalties.

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The 149 contracted air traffic control towers will stay open through September and the FAA is even shifting $21 million around to help reduce NextGen delays and "partially restore the support of infrastructure in the national airspace system."

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The Obama administration is set to unveil major new regulations on hydraulic fracturing, the controversial method of extracting oil and gas, possibly as soon as May 14.

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United Kingdom Prime Minister David Cameron said he will push fellow G-8 countries to create a transparent tax system to reduce tax evasion at the G-8 summit next month.

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