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[ Tue, Dec 24th 2024 ]: legit
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Here's What Happens In a Government Shutdown

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
If the lawmakers don't pass a funding deal soon, the federal government could be headed for another funding gap. Here's what that means for the government, workers, and stocks.
The article from MSN outlines the implications of a U.S. government shutdown, which occurs when Congress fails to pass necessary funding legislation before the fiscal year ends. During a shutdown, non-essential federal government operations cease, leading to the furlough of many federal employees, while essential workers like military personnel and law enforcement continue to work without immediate pay. National parks might close, and services like food inspections, passport processing, and some health services could be delayed or halted. Social Security and Medicare benefits continue, but new applications might face delays. Economically, shutdowns can lead to reduced GDP growth, with the 2018-2019 shutdown costing an estimated $11 billion. Politically, shutdowns often result in public frustration and can influence voter sentiment, although historically, neither party has consistently benefited politically from these events. The article also mentions that while some government functions are protected by law, the overall impact disrupts many services and can lead to significant economic and personal hardship.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/here-s-what-happens-in-a-government-shutdown/ar-AA1wboNm ]