Government Shutdown Averted: Bipartisan Bill Passes with Hours to Spare
What is a Government Shutdown?
A government shutdown is a suspension of government operations that occurs when Congress fails to pass a budget or continuing resolution to fund the government.
During a shutdown, non-essential government services are suspended, and employees are furloughed without pay.
What Was at Stake?
The stopgap bill signed by President Biden averted a government shutdown that would have taken effect on March 1, 2023.
A shutdown would have suspended operations for approximately 25% of the federal government, including:
- National parks
- Museums
- Social Security Administration
- Environmental Protection Agency
- Food and Drug Administration
Impact of a Shutdown
Government shutdowns have significant economic and social consequences:
- Furloughed workers lose income and benefits.
- Businesses that rely on government contracts face disruptions.
- Essential services, such as law enforcement and emergency response, may be impacted.
- According to the Congressional Budget Office, a one-month shutdown would cost the U.S. economy $6 billion.
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