A few comments on Possible Government Shutdown

There are two possible imminent government shutdowns by Congress. The first is related to a budget for the next fiscal year (starts October 1st) and the second is related to the so-called "debt ceiling" (really a question of paying the bills). It is possible there will be a shutdown Wednesday evening due to disagreements on the budget. This will not have serious economic consequences, but it will have a negative impact on the economy, including (there would be much more) ... • Shutdowns cost money (there are no savings; shutdowns are fiscally irresponsible). • A number of services will be......(read more)

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