what does a government shutdown mean for the economy?
358400
Shutdowns cause the disruption of government services and programs, including the closure of national parks and institutions (in particular, due to shortages of federal employees). ... Shutdowns also cause a significant reduction in economic growth (depending on the length of the shutdown).
1112524
“It seems extremely unlikely a government shutdown will have an impact, especially as the issue likely gets resolved before most people will receive their W2s,” he said. ... About 12.5% of the agency's workers are still on the job, but the IRS won't process refunds until the shutdown ends, the Wall Street Journal reported.
1276761
From Wikipedia, the free encyclopedia. Government shutdowns in the United States occur when there is a failure to pass funding legislation to finance the government for its next fiscal year or a temporary funding measure.
211065
As private companies, Fannie and Freddie aren't directly affected by the shutdown. Mortgage processing is continuing as usual, except in cases where the federal government provides information required for underwriting. ... And the shutdown could also stall verification of employment for government employees.
1226468
A firm will choose to implement a shutdown of production when the revenue received from the sale of the goods or services produced cannot even cover the variable costs of production. ... Technically, shutdown occurs if average revenue is below average variable cost at the profit-maximizing positive level of output.
774512
Regardless, the government shutdown will have a negative impact on the real estate market. Even if you aren't applying for a government loan, your application could directly be impacted. ... Lenders that underwrite these loans would be on the hook for the entire loan amount and unable to sell in the secondary market.
1221595
Any government shutdown may have a significant effect on the operations of your credit union, especially for credit unions primarily serving federal employees. You should therefore prepare to respond to members' questions and their financial needs in the event of a closure of the federal government.
893132
“Because we are able to endorse loans, we don't expect the impact on the housing market to be significant, as long as the shutdown is brief,” continues the HUD report. ... The USDA says that no new housing loans or guarantees will be issued through its Rural Development programs in a shutdown.
470292
The ongoing government shutdown that began on December 21 is affecting many programs, but it doesn't affect mandatory, entitlement, nondiscretionary spending including all tax breaks, Medicare and Social Security.
148387
Due to the government shutdown, all public National Weather Service activities, including tours and other outreach activities, have been canceled or postponed until further notice. ... The NWS will continue to provide critical forecast, watch and warning information to protect life and property throughout the shutdown.
130779
A major loss of government revenue comes from lost labor from furloughed employees who are still paid, as well as loss of fees that would have been paid during the shutdown. Shutdowns also cause a significant reduction in economic growth (depending on the length of the shutdown).
1091034
In general, banks are able to continue with business as usual during a government shutdown. Accounts can be opened, transactions can be processed, loans can be funded. However, there are some areas that rely heavily on federal employees in specific situations.
1417677
“The full effect of the government shutdown on recruitment, hiring and retention of qualified employees is hard to quantify given the lack of publicly available attrition and employment data from the Office of Personnel Management,” the report said.
849610
"That means more unsafe food makes it to the food supply." At the U.S. Department of Agriculture, which oversees meat, poultry and processed egg products, inspections are still going on during the shutdown because they're considered essential.
215089
Between 800,000 federal government employees and some 4 million federal contractors, the shutdown directly affected nearly 3% of the labor force of the United States; in a typical recession, unemployment increases 2–4%.
811271
Government Employees or Contractors with Student Loans The government may be shutdown, but bills will continue to come due. ... Unpaid interest may be capitalized or added to your loan balance, which means your future payment may increase. Income-driven repayment may be another option for your federal student loans.
1027550
30. The ongoing government shutdown that began on December 21 is affecting many programs, but it doesn't affect mandatory, entitlement, nondiscretionary spending including all tax breaks, Medicare and Social Security.