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What a Government Shutdown Could Mean for Your Wallet

Ann Logue
·2 min read
Mandatory Credit: Photo by Shutterstock (11553986i)United States Senate Majority Leader Mitch McConnell (Republican of Kentucky), conducts a news conference in the U.
Mandatory Credit: Photo by Shutterstock (11553986i)United States Senate Majority Leader Mitch McConnell (Republican of Kentucky), conducts a news conference in the U.

If Congress does not reach an agreement on the stimulus package and the federal budget by 11:59 pm on Friday, the federal government will not be allowed to spend money. The result will be yet another government shutdown, but most effects would not show up until the start of business on Monday.

See: Refusing to Wait for Congress, These Cities and States Are Handing Out COVID-19 Relief
Find: How Big Will Your Stimulus Check Be?

The last shutdown lasted from December 22, 2018 to January 25, 2019, the longest in U.S. history. At that time, the key issue was immigration, not the budget per se. This time, there seems to be less rancor among members of Congress, making it likely that any shutdown this year would be considerably shorter. The main sticking points seem to be the amount of any stimulus checks sent to taxpayers and the length of any unemployment benefit extension, according to the Washington Post.

  • Federal employees will not receive paychecks until a funding agreement is reached.

  • Government contractors will not be paid, and it is likely that their missed checks will be paid up later.

  • U.S. government facilities, ranging from National Parks at home to consulates abroad, will close up shop.