Government Shutdown Implications

A government shutdown means that federal employees won't collect paychecks, with some being furloughed and others working without pay. The White House Office of Management and Budget creates contingency plans for each department. The shutdown will impact around 8 million government employees, including contract workers who may not recoup lost earnings. Delays in government reports, such as inflation and jobs data, will affect decision-making by the Federal Reserve. The SEC will have 90% of its workforce stay home, impacting companies looking to go public. Social Security and some food assistance programs will continue, but the length of the shutdown will determine the broader economic impact.