Amid the longest government shutdown in U.S. history, this month we will examine the historical context and some of the potential economic impacts it may have for the rest of the year.
Unless you have somehow managed to avoid any news or social media for the last month, you are likely aware that approximately 25% of the federal government is shut down. You are still receiving your mail, the police are responding to calls, and of course Congress is still in session and getting paid. But many of the departments are running on skeleton crews or are being staffed by people working without pay. About 800,000 workers are slated to miss their second consecutive paycheck this week, half of whom are still going to work and will almost certainly receive back pay once the government reopens. The other half were sent home with no expectation of receiving those missed paychecks.Read More