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Government Shutdowns Disrupt Economy and Services While Stalling Pay for Federal Workers

  • Federal government shutdowns occur when Congress fails to approve funding bills before the fiscal year starts on Oct 1. Non-essential services halt while essential continue.

  • During a shutdown, many federal employees must work without pay or are furloughed until it's over. Government contractors also go unpaid.

  • Shutdowns can hamper economic growth and stability. Each week costs the economy billions. Data releases stall, confusing investors.

  • National parks and museums close. Loans to small businesses pause. Company mergers and IPOs slow with agencies like the SEC short-staffed.

  • Essential services like Social Security, postal service, and federal law enforcement continue operating. But the public still feels impacts from closed parks, halted data, and unpaid workers.

cnn.com
Relevant topic timeline:
### Summary The impending government shutdown due to a funding dispute between hard-right lawmakers in the House and Democrats could affect various government functions and services, causing delays and closures in areas such as air travel, national parks, and food safety inspections.
The potential government shutdown threatens to deprive the Federal Reserve of crucial data on the labor market and inflation, which could hinder its ability to make informed decisions about the economy and interest rates.
The White House warns that a government shutdown at the end of the month could have damaging consequences for the economy, national security, and the American public.
The US government faces a potential shutdown if Congress fails to agree on funding past September 30, which would be the first shutdown since December 2018 and could result in a longer standoff between parties.
The federal government is likely to face a shutdown that will affect various services, disrupt workers' pay, and create political turmoil as Republicans demand deep spending cuts.
A potential government shutdown in Washington could have far-reaching consequences, causing financial losses for millions of people, disrupting medical research and food access, delaying regulatory efforts, and hampering the Biden administration's agenda on energy, climate, and infrastructure.
Millions of government employees face the prospect of not receiving their paychecks at the end of the month and are preparing for financial hardships as Congress nears a government shutdown.
Google searches about the potential government shutdown in the US are increasing, with a particular interest in how it would affect Social Security, veterans' benefits, and the US dollar.
A U.S. government shutdown would negatively impact its credit assessment and highlight the weakness of its institutional and governance strength compared to other top-rated governments, according to Moody's, although the economic impact would likely be short-lived.
A government shutdown in the US may cause the Federal Reserve to delay an interest rate hike and could impact the recent strength of the dollar, analysts have warned. The shutdown could also lead to a delay in key inflation data, which would affect Fed policy decisions, and may put pressure on consumer spending.
The federal government is on the verge of a shutdown, with potential consequences for various areas of governance.
A potential government shutdown looms as Congress struggles to pass a funding bill by Saturday night, which could result in federal workers going without pay and essential services continuing while non-essential services halt.
A government shutdown could have dangerous consequences for the nation's cyber defenses and efforts to combat violent crime, warns Deputy Attorney General Lisa Monaco.
If the federal government shuts down, Social Security checks will still be distributed, but numerous publicly funded agencies will stop work, employees won't be paid, and other federal programs and services will be affected.
Over 1 million military members and furloughed civilian employees are at risk of going without pay during the government shutdown, which would have significant global impacts on military readiness and send a dangerous message to adversaries, according to Pentagon spokesperson Sabrina Singh.
The U.S. is on the verge of a government shutdown as Congress debates spending levels and aid to Ukraine, which could potentially affect government operations and federal workers' paychecks.
A brief government shutdown is unlikely to significantly slow down the economy, but a prolonged shutdown could hurt growth and potentially impact President Biden's re-election prospects.
A government shutdown in the U.S. could cause significant disruptions in the stock and bond markets, with the Securities and Exchange Commission being forced to furlough most of its staff and leaving the market oversight at a "skeletal" crew level.
There is a 90% chance of a government shutdown, according to Goldman Sachs, as the deadline looms and little progress has been made in negotiations.
A government shutdown would severely impact the U.S. Securities and Exchange Commission's ability to approve IPOs and respond to market turmoil, according to its chair, Gary Gensler.
Federal agencies are warning their workers of a possible government shutdown, where employees may not receive pay, if Congress fails to reach a funding deal by the end of September 30th.
The U.S. government is facing a potential shutdown if Congress does not resolve a deadlock by this weekend, which would result in furloughs or unpaid work for federal workers and military employees, but experts believe the impact on the economy and stock market will be short-lived.
Millions of Americans anticipate a government shutdown as Congress struggles to pass a budget, potentially causing a short-term stock market gain.
A government shutdown due to a short-term spending bill will cause financial hardship for federal employees and contractors, but there are steps they can take such as contacting their landlord or mortgage loan servicer for assistance.
Summarizing the text given, the US is preparing for a government shutdown as the funding deadline approaches, with potential consequences including delays in work authorizations for migrants, impacts on the Federal Aviation Administration, uncertainty in the House regarding a procedural vote, and concerns about the effects on small businesses and border security.
A potential US government shutdown could disrupt the release of important economic data, leading to market volatility and forcing investors to rely on alternative sources of information, potentially impacting monetary policy decisions and delaying key reports such as the October 6 payroll report.
A government shutdown is looming as lawmakers have until the end of the day Saturday to reach a deal or the U.S. will face one of the largest government shutdowns in history, impacting millions of workers and services.
The US government is facing another shutdown as Congress fails to reach an agreement on funding federal agencies, which could have significant impacts on various sectors including air travel, national parks, and crucial nutrition programs.
Lawmakers in the United States are facing a potential government shutdown as they struggle to pass legislation that would keep the government funded beyond the start of the fiscal year, which could result in the closure of federal agencies and services.
The recurring government shutdowns in the United States, a uniquely American phenomenon, are a result of the country's federal system of government and the strict interpretation of spending laws, which allow different political parties to control different branches of government and often lead to a lack of compromise.