The Economic Impact of a Federal Government Shutdown

This article from The Atlantic explains how a federal government shutdown would effect the housing market, the financial markets, federal employees, social services, energy, taxes, and the DC area in general.

Would a federal government shutdown harm the still-fragile U.S. economy? A shutdown will be in effect starting Friday night if Congress can’t agree on a budget. Of course, the longer the government is shut down, the more devastation it could cause. At this point, however, many experts are predicting a short shutdown, possibly lasting just a few days. If the federal government was closed for weeks or months, then the economic impact could be significant across a variety of sectors and would be felt by most Americans. But how would the economy handle a shutdown of just a few days?

Please click here to read the full article.

To read prior MACo coverage of the potential federal government shutdown, please click here.

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