{"id":2644,"date":"2013-10-02T09:57:46","date_gmt":"2013-10-02T14:57:46","guid":{"rendered":"http:\/\/www.billlosey.com\/?p=2644"},"modified":"2013-10-02T09:57:46","modified_gmt":"2013-10-02T14:57:46","slug":"faqs-the-government-shutdown","status":"publish","type":"post","link":"https:\/\/billlosey.com\/knowledge-center\/faqs-the-government-shutdown\/","title":{"rendered":"FAQs &#8211; The Government Shutdown"},"content":{"rendered":"<p style=\"font-size: 16px;\">As you have no doubt heard, the United States government shut down at midnight (Eastern) October 1, 2013. There are many questions and concerns about this situation, but here are some basics.<\/p>\n<p style=\"font-size: 16px;\"><strong>What happened?<\/strong> In short, Congress did not pass any of their appropriations bills. These bills provide money to various to federal agencies.  Federal law requires agencies without these funding laws in place to close.<\/p>\n<p style=\"font-size: 16px;\"><strong>How long will this last?<\/strong> As with other shutdowns, this is largely up to the two major parties and their abilities to reach whatever deal is necessary to get the bills passed. If we look to history, the two most recent government shutdowns happened in the Clinton administration. One only lasted five days. The other lasted three weeks.<\/p>\n<p style=\"font-size: 16px;\"><strong>What\u2019s closed, what\u2019s opened?<\/strong> Not every public service is shut down entirely, as not every agency requires appropriations to function. Social Security and Medicare are not affected, active duty military continue to function, as does the Department of Defense, as do intelligence, law enforcement, and our embassies overseas. Some are only partially closed; U.S. Courts will be open for 10 days, for instance.<\/p>\n<p style=\"font-size: 16px;\">CNN has a frequently updated list of shutdowns at: <a href=\"http:\/\/www.cnn.com\/interactive\/2013\/09\/politics\/government-shutdown-impact\/index.html?iid=article_sidebar\">http:\/\/www.cnn.com\/interactive\/2013\/09\/politics\/government-shutdown-impact\/index.html?iid=article_sidebar<\/a><\/p>\n<p style=\"font-size: 16px;\"><strong>How is this different from the debt crisis?<\/strong> They are different situations, but one can affect the other. The debt crisis relates to the separate matter of establishing how much money the U.S. Government can borrow in order to fund its various agencies and programs. However, Treasury Secretary Jack Lew says that the crunch is coming soon \u2013 no later than October 17<\/p>\n<p style=\"font-size: 16px;\">With the shutdown a fluid situation, it\u2019s difficult to say when this will be resolved. Whether you are a government employee or an ordinary citizen, it\u2019s only natural to be concerned. It may be a good time to contact a financial professional and inquire if and how the shutdown may affect you.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As you have no doubt heard, the United States government shut down at midnight (Eastern) October 1, 2013. There are many questions and concerns about this situation, but here are some basics. What happened? In short, Congress did not pass [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"class_list":["post-2644","post","type-post","status-publish","format-standard","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/billlosey.com\/knowledge-center\/wp-json\/wp\/v2\/posts\/2644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/billlosey.com\/knowledge-center\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/billlosey.com\/knowledge-center\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/billlosey.com\/knowledge-center\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/billlosey.com\/knowledge-center\/wp-json\/wp\/v2\/comments?post=2644"}],"version-history":[{"count":0,"href":"https:\/\/billlosey.com\/knowledge-center\/wp-json\/wp\/v2\/posts\/2644\/revisions"}],"wp:attachment":[{"href":"https:\/\/billlosey.com\/knowledge-center\/wp-json\/wp\/v2\/media?parent=2644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/billlosey.com\/knowledge-center\/wp-json\/wp\/v2\/categories?post=2644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/billlosey.com\/knowledge-center\/wp-json\/wp\/v2\/tags?post=2644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}