Connect with us

Hi, what are you looking for?

OMD NewsOMD News

Finance

Potential Impact of Government Shutdown If Congress Fails to Pass a Continuing Resolution

U.S. Congress
Potential impact of government shutdown if the U.S. Congress fails to act. (Photo: NBC)

Lawmakers in the U.S. are advised to take action as the government shutdown nears, which could potentially impact the country’s government operations.

U.S. Congress

The potential impact of a government shutdown if the U.S. Congress fails to act. (Photo: NBC)

Impact of Government Shutdown

Analysts and experts advised the U.S. Congress to take action to avoid a government shutdown which could potentially impact the operation of services in the country. One of the ways is to successfully pass a continuing resolution that will fund the government.

In a published article in MARCA, there are rumors right now about the possibility of a government shutdown. It is important that lawmakers work together and pass timely budgets and resolutions on funding to avoid disruptions to government operations.

READ ALSO: McConnell Labeled NATO Partners Of United States As “Axis Of Evil”

Potential Impact of Government Shutdown

According to a published article in CNBC, here are some of the potential impacts of a government shutdown:

  • Federal workers, including those in crucial sectors like healthcare, law enforcement, and national defense, could face furloughs or delayed paychecks. This not only disrupts their livelihoods but also affects the services they provide to the public.
  • During a shutdown, many government services are scaled back or temporarily halted. This can lead to delays in processing passports, tax returns, and Social Security benefits. National parks, museums, and monuments may also close, affecting travel plans and recreational activities.
  • Government shutdowns can trigger economic instability, impacting financial markets and causing uncertainty for businesses. This can potentially affect job growth and consumer confidence.

Furthermore, this could also affect small businesses, healthcare, immigration services, veterans, and research and innovation.

READ ALSO: Despite The Rising Tension In Middle East Conflict, Gasoline Prices In The U.S. Continue To Drop

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Finance

There is finally an update on 4th stimulus check for Social Security Recipients! Individuals who receive Social Security benefits can expect to receive a...

Military

The attack using 14 military choppers that Russian President Vladimir Putin planned was destroyed by Ukraine using US-supplied long-range tactical missiles. Russian President Vladimir...

Finance

The Biden administration has announced recently that it plans to increase the monthly payments of seniors and veterans to $2,000. $2,000 in Monthly Payments...

Finance

In Texas, this September the SNAP payments will end, worth up to $1,691, on Friday. The household income determines eligibility. A single-person household must earn more than...