Now that the debt ceiling debate is behind us, K Street is mobilizing in anticipation that considerable cuts could be just around the corner — particularly in the defense and health care sectors, according to Politico.

"While people are relieved the debt ceiling crisis is over, they see these dark clouds on the horizon that this is not the end," Politico quoted Mehlman Vogel Castagnetti's David Thomas as saying. "You would be foolish to not be actively lobbying and defending priorities over the next four months."

Although congressional leaders have two weeks to impanel the "super committee" charged with finding an additional $1.5 trillion in cuts to the deficit by Thanksgiving, Politico reported, lobbyists are already strategizing about how to influence the selection process and how to protect "low-hanging fruit like carried interest and oil and gas tax subsidies and the ethanol tax credit."

"This is probably going to be the busiest September to December in recent years," Patton Boggs' Kevin O'Neill told Politico.

Read the full Politico story here.