The last government shutdown that lasted 16 days in October 2013 cost taxpayers $24 billion, among other economy-crippling effects.
It's no wonder why the U.S. Senate voted overwhelmingly today (78-20) in favor of legislation that's on track to avert a government shutdown October 1.
The last government shutdown that lasted 16 days in October 2013 cost taxpayers $24 billion, among other economy-crippling effects.
It's no wonder why the U.S. Senate voted overwhelmingly today (78-20) in favor of legislation that's on track to avert a government shutdown October 1.
For the second time in two years, Americans face another government shutdown.
Oct. 1 marks the first day of fiscal year 2016 - the deadline for funding. But debate over financing nonprofit reproductive healthcare provider Planned Parenthood threatens to halt the nation if no measure is passed to keep the government funded beyond Sept. 30.
If a government shutdown does happen, we know one thing for sure: defense stocks will get hit - hard.
Government shutdown 2015: The full cost of a government shutdown that lasted 16 days in October 2013 was staggering - it delivered a $24 billion blow to the U.S. economy and taxpayers.
Now, exactly two years later, we're about to do it all over again.
"The way I see it, wingnuts on both sides of the aisle are playing chicken with an $18 trillion economy and world markets once again," Money Morning Chief Investment Strategist Keith Fitz-Gerald told his Total Wealth research service readers on Sept. 18.
Here are a few costs of "Government Shutdown 2015" we can anticipate...
For the second time in two years, another controversy has forced Americans to ask, "Will there be a government shutdown?"
Oct. 1 marks the first day of fiscal year 2016 - the deadline for funding. But debate over financing nonprofit reproductive healthcare provider Planned Parenthood threatens to halt the nation if no measure is passed to keep the government funded beyond Sept. 30.
And in fact, House Republicans have just voted on Sept. 18 to block all federal financing for Planned Parenthood - the first step toward a government shutdown this month.
Another U.S. government shutdown is looming as Congress has less than two weeks to pass a measure to keep the government funded beyond Sept. 30.
If no agreement is reached, a flood of federal agencies could be closed. This would be the second government shutdown in three years.
