Potential effects of a government shutdown

By Bizclik Editor

Written By: Nadia Ibanez

The Obama administration is in advanced stages of preparing for a government shutdown while both parties struggle to decide on a spending package that must be finalized by midnight on Friday. If the Democrats and Republicans can’t settle on a deal, several government operations will come to a screeching halt. Here are some of the potential outcomes if a government shutdown comes to fruition:

• National parks and monuments would be shut down
• Tax refunds would likely be delayed for Americans who mail in their returns, while electronically filed tax returns could be unaffected
• People filing for new Social Security benefits would see delays
• Businesses seeking new permits or loans from the Small Business Administration would see delays
• About 800,000 civilian federal employees would be furloughed and wouldn’t be allowed to work or get paid
• Nonessential federal employees wouldn’t work and will be ordered to turn in their government-issued BlackBerries and cell phones
• Government websites wouldn’t work

Those agencies that wouldn’t be affected include the Federal Reserve, law enforcement, military personnel, other national security departments, air-traffic controllers, and food and drug safety officials, among others. However, these individuals wouldn’t be paid until Congress finalized a deal.

See top stories in the WDM Content Network:
Top 10 Biggest Brands 
Top Celebrity Endorsement Flops
• Click here to read the latest edition of Business Review USA

According to the Wall Street Journal, the National Institutes of Health's clinical center would not admit any new patients or initiate any new clinical trials during a shutdown. Federal Housing Administration would stop insuring new loans in the event of a government shutdown.

Staff will be notified no later than Friday whether they will be needed to work next week.

Share

Featured Articles

Amelia DeLuca, CSO at Delta Air Lines on Female Leadership

Driving decarbonisation at Delta Air Lines, Chief Sustainability Officer Amelia DeLuca discusses the rise of the CSO and value of more women in leadership

Liz Elting – Driving Equality & Building Billion-$ Business

Founder and CEO Liz Elting Turned Her Passion into Purpose and Created a Billion-Dollar Business While Fighting for Workplace Equality – and Winning

JPMorgan Chase: Committed to supporting the next generation

JPMorgan has unveiled a host of new and expanded philanthropic activities totalling US$3.5 million to support the development of apprenticeship programmes

How efficient digital ecosystems became business critical

Technology & AI

Mastercard: Supporting clients at a time of rapid evolution

Digital Strategy

Why Ceridian has boldly rebranded to Dayforce

Human Capital