The federal government shuts down when lawmakers in Congress cannot agree on a budget. This has occurred at least 20 times over the past 50 years according to the investment team at Truist. The historical record suggests that there will be minimal impact on markets or the broader economy, barring a prolonged shutdown. But this time could leave a mark on thousands of federal workers who may be permanently fired if a shutdown were to occur.
Chapters:
00:00 Introduction
00:53 Chapter 1: Shutdowns
02:39 Chapter 2: Furloughs or firings?
04:56 Chapter 3: Markets
Produced and edited by Carlos Waters
Additional Reporting by Emily Wilkins
Senior Director of Video Lindsey Jacobson
Additional Footage Getty Images
Additional Sources: Committee for a Responsible Federal Budget, Partnership for Public Service, U.S. Treasury Department, USA Facts
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Why This Government Shutdown Is Different
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