US Capital, DC in Washington.
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A Lump government shutdown Hundreds of thousands of federal employees can leave and put key without salary Economic Data – including Labor Statistics Bureau Report of jobs – On ice.
Congress has only four days left to agree Stopgap bill To keep the federal government fully funded on Tuesday.
But as soon as the winds of the clock, the Republican and Democratic Leaders are digging against each other in their heel, which is very likely.
Republicans, who have narrow prominence in the House and the Senate, want to temporarily pass a “clean” resolution to expand money.
Democrats want to include stopgap health care protection, which includes expansion of premium tax credits enhanced under the cheap care act that are determined to end at the end of the year. Credit reduces the cost of health insurance premium for wide health of Obamcare Enroll.
A funding bill requires adopting 60 votes in the Senate, which means that it cannot pass if only 53 Republicans vote for it in that chamber.
chairman Donald Trump Completed political brinkmship this week Cancellation of scheduled meeting With the Senate Minority Leader Chak Shumor and House Minority Leader Hakim Jeffrees, New Yorkers who are head of Democratic Cocks in their chambers.
Trump’s management and budget office extended human stakes on Wednesday, when it released a memo warning for the preparation of federal agencies Mass firing In the event of a shutdown.
Each side is betting that the American will blame the other for a shutdown. But regardless of the political dividend, a shutdown will have a major impact on a wide range of services and programs.
And this can take unprecedented action by the Trump administration, which has given the government top priority.
What is a government shutdown?
The Congress will have to pass a series of 12 appropriation bills by Tuesday to provide finance to government institutions for the next financial year. But it has not passed any of the 12 bills before the deadline.
If it cannot pass short -term funding measures known as “continuous resolution”, the government will be closed.
Has been there 14 such shutdowns Since 1980, according to the bipartisan policy center.
If the Congress can pass only one of the annual investment bills in time, not all, but not everyone, then the government will experience a partial shutdown.
This happened in late 2018 – during Trump’s first presidential post – when the government partially closed for a record Five weeks Amidst controversies about money for Trump’s US-Maxico border wall.
How will federal employees be affected?
Non-essential government employees can be pierced during a shutdown, meaning that they are forced to take unpaid holiday of absence.
During the last full government shutdown in 2013, about 850,000 employees were inflated, according to Committee for a responsible federal budget.
There are more than two million citizens federal workers in America
While once they return to work, fake employees are guaranteed to pay back, federal contractors have not received historically back payment, according to CRFB.
Will services and agencies be affected?
A shutdown will directly affect non-essential government programs and services that rely on the expense that must be approved every year, known as discretionary expenses.
In the previous shutdown, due to which hundreds of national parks and museums have been closed, exposing the services of veterans, suspension of health inspections, adjustment of immigration hearing and many other effects.
According to, discretionary expenses for 27% of the fiscal 2024 budget Peter G. Peterson Foundation,
Essential services and programs will continue to operate, but they may be indirectly affected. And some federal employees are classified as “except”, meaning that they still need to work during a shutdown.
Examples of essential services include those who belong to national security, law enforcement, air traffic control and prison prisoner control.
Funded programs through “compulsory” expenses – which are permanent or authorized for many years – will continue roughly, although they may still feel the effects of a shutdown.
In the 1996 shutdown, social security check was still sent out. But employees of Social Security Administration who handled new enrollment for programs and other services Initially furloughed,
What about economic reports?
A shutdown may delay the release of major economic reports that the government regularly publishes, which is closely seen by the financial markets.
If no deal is done, the government will stop a few days before the Bureau of Labor Statistics to release its monthly job reports for September.
Wells Fargo Economist Michael Paglis Noted this week After the last full government’s closure in 2013, monthly jobs and consumer price index reports “delayed in about two weeks.”
“The delay in collection, processing and publication extended until next month,” said Paglis.
The next BLS employment report has been released on 3 October. BLS’s Consumer Price Index Reading for September is to be released on 15 October.
In a partial shutdown starting in late 2018, Puglis said, “GDP growth for the fourth quarter of that year” was first delayed in about a month, as was the data on retail sales and personal income and expense in December 2018. “
, CNBC Emily Wilkins Contributed to this story.
