Time to Prepare for Government Closure

The House is preparing to vote on a CR that incorporates a one year delay in implementation of Affordable Care Act (aka “Obamacare”). [1] This outcome almost assuredly guarantees a government shutdown. [2]

WaPo has a nifty page that summarizes the department by department impact.

In addition to the disruption to government business and the economy, there will be a cost to shutting down and restarting government operations, somewhere in the neighborhood of $2 billion, if previous episodes are a guide [3].

One interesting point is that the shutdown will be more widespread than in 1995-96 because this time around none of the bills for funding the various departments have been funded.

Hope you weren’t planning to visit a national park, museum, or get a new passport.

Final point for the confused: This is a separate issue from the debt ceiling, which will likely be breached around October 17.

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About Menzie Chinn 83 Articles

Affiliation: University of Wisconsin

Menzie Chinn is Professor of Public Affairs and Economics at the University of Wisconsin, Madison.

Visit: Econbrowser

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