U.S Government Shutdown Its Cost And Impact On The Economy

Without an approved budget plan, government agencies will no longer have access to federal funds come January 20, 2018. Effectively, it’s like a business not having any cash flow and being forced to put up “Sorry we’re closed” signs. If a government shutdown happens, some government services will continue to operate thanks to the Antideficiency Act, which allows “essential” government services—such as the military and air traffic control—to keep operating even without authorized funds. A great many government functions, however—from national parks and federally funded scientific research to the FDA’s inspection of food and approval of new prescription drugs—will come to a halt during the shutdown furlough until Congress can come to a resolution.