Show Me the Money: What is a Government Shutdown and How Does It Affect You?
WASHINGTON, D.C.— At the end of every fiscal year (FY), which for the Federal government is October 1—September 30, we hear news reports about a possible government shutdown and the hope for a continuing resolution (CR) to buy negotiators more time. Often this process drags out multiple times until a final spending bill is passed for the remainder of the fiscal year to fund the discretionary part of the Federal government’s budget. Currently, we are in this cycle again facing two deadlines of March 1st (for agencies funded by 4 subcommittees) and March 8th (for agencies funded by the remaining 8 subcommittees) before we have yet another possible shutdown.