WT 360: GovCon’s vital signs point to DHS’ partial closure, Anthropic’s possible exit and the FAR Overhaul

Stephanie Kostro is president of the Professional Services Council, a trade association representing at least 400 GovCon companies.

Stephanie Kostro is president of the Professional Services Council, a trade association representing at least 400 GovCon companies. PSC photo.

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Stephanie Kostro, president of the Professional Services Council, joins Nick and Ross to go over how the Homeland Security Department funding lapse is uneven in nature and other industry-wide happenings.

GovCon finds itself in a strange situation where the Homeland Security Department does not have a budget and is in a shutdown, but the three immigration agencies are still operating with some funds.

How is that possible? Stephanie Kostro, president of the Professional Services Council, joins Nick and Ross for this episode to lay out how that is and the DHS funding lapse’s myriad impacts on industry and society.

Their conversation then turns to what contractors are seeking to learn and understand from the U.S. government’s very public breakup with Anthropic, which will take months to complete, and what to watch for next in the Federal Acquisition Regulation overhaul effort.

The Revolutionary FAR Overhaul is far from the only policy item contractors should pay attention to in 2026, as Kostro explains.

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