Changes to the permit process could be included in a debt limit deal. Here's how that could impact you.
The country is inching closer to a potential default, impacting everything from Social Security checks to the markets.
According to the U.S. Chamber of Commerce, it takes around 7.5 years on average to get a federal permit. If you are wondering why it takes so long, Bradley says it has to do with the number of federal agencies typically involved in permit approval. You may have to go to the Department of Transportation if it involves travel or commuting. If your land is protected, you might have to go to the Department of Interior, or the Department of Agriculture if it involves farming. All agencies usually have different timelines and actual employees capable of signing off.
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