"The Congressional Budget Office has estimated the effects of the five-week partial
shutdown of the government that started on December 22, 2018, and ended on
January 25, 2019. This report presents CBO’s findings, which include the following:
CBO estimates that the five-week shutdown delayed approximately $18 billion
in federal discretionary spending for compensation and purchases of goods and
services and suspended some federal services.
As a result of reduced economic activity, CBO estimates, real (that is, inflationadjusted) gross domestic product (GDP) in the fourth quarter of 2018 was
reduced by $3 billion (in 2019 dollars) in relation to what it would have been
otherwise. (Such references are in calendar years or quarters unless this report
specifies otherwise.) In the first quarter of 2019, the level of real GDP is
estimated to be $8 billion lower than it would have been—an effect reflecting
both the five-week partial shutdown and the resumption in economic activity
once funding resumed.
As a share of quarterly real GDP, the level of real GDP in the fourth quarter of
2018 was reduced by 0.1 percent, CBO estimates. And the level of real GDP in
the first quarter of 2019 is expected to be reduced by 0.2 percent.1 (The effect
on the annualized quarterly growth rate in those quarters will be larger.)2
In subsequent quarters, GDP will be temporarily higher than it would have been
in the absence of a shutdown. Although most of the real GDP lost during the
fourth quarter of 2018 and the first quarter of 2019 will eventually be recovered,
CBO estimates that about $3 billion will not be. That amount equals
0.02 percent of projected annual GDP in 2019. In other words, the level of GDP.."
Federal government shutdown
Showing posts with label government_shutdown. Show all posts
Showing posts with label government_shutdown. Show all posts
Tuesday, January 29, 2019
Thursday, January 24, 2019
Shutdown of the Federal Government: Causes, Processes, and Effects
"When federal agencies and programs lack funding after the expiration of full-year or interim
appropriations, the agencies and programs experience a funding gap. If funding does not resume
in time to continue government operations, then, under the Antideficiency Act, an agency must
cease operations, except in certain situations when law authorizes continued activity. Funding
gaps are distinct from shutdowns, and the criteria that flow from the Antideficiency Act for
determining which activities are affected by a shutdown are complex.
Failure of the President and Congress to reach agreement on full-year or interim funding measures occasionally has caused shutdowns of affected federal government activities. The longest such shutdown lasted 21 full days during FY1996, from December 16, 1995, to January 6, 1996. More recently, a relatively long funding gap commenced on October 1, 2013, the first day of FY2014, after funding for the previous fiscal year expired. Because funding did not resume on October 1, affected agencies began to cease operations and furlough personnel that day. A 16-fullday shutdown ensued, the first to occur in over 17 years. Subsequently, two comparatively brief shutdowns occurred during FY2018, in January and February 2018, respectively.
Government shutdowns have necessitated furloughs of several hundred thousand federal employees, required cessation or reduction of many government activities, and affected numerous sectors of the economy. This report discusses
causes of shutdowns, including the legal framework under which they may occur;
processes related to how agencies may plan for the contingency of a shutdown;
effects of shutdowns, focusing especially on federal personnel and government operations; and
issues related to shutdowns that may be of interest to Congress..."
Federal government shutdown
Failure of the President and Congress to reach agreement on full-year or interim funding measures occasionally has caused shutdowns of affected federal government activities. The longest such shutdown lasted 21 full days during FY1996, from December 16, 1995, to January 6, 1996. More recently, a relatively long funding gap commenced on October 1, 2013, the first day of FY2014, after funding for the previous fiscal year expired. Because funding did not resume on October 1, affected agencies began to cease operations and furlough personnel that day. A 16-fullday shutdown ensued, the first to occur in over 17 years. Subsequently, two comparatively brief shutdowns occurred during FY2018, in January and February 2018, respectively.
Government shutdowns have necessitated furloughs of several hundred thousand federal employees, required cessation or reduction of many government activities, and affected numerous sectors of the economy. This report discusses
causes of shutdowns, including the legal framework under which they may occur;
processes related to how agencies may plan for the contingency of a shutdown;
effects of shutdowns, focusing especially on federal personnel and government operations; and
issues related to shutdowns that may be of interest to Congress..."
Federal government shutdown
Monday, December 4, 2017
Shutdown of the Federal Government: Causes, Processes, and Effects
"When federal agencies and programs lack funding after the expiration of full-year or interim
appropriations, the agencies and programs experience a funding gap. If funding does not resume
in time to continue government operations, then, under the Antideficiency Act, an agency must
cease operations, except in certain situations when law authorizes continued activity. The criteria
that flow from the Antideficiency Act for determining which activities are affected are complex.
Failure of the President and Congress to reach agreement on full-year or interim funding measures occasionally has caused shutdowns of affected federal government activities. The longest such shutdown lasted 21 full days during FY1996, from December 16, 1995, to January 6, 1996. More recently, a funding gap commenced on October 1, 2013, the first day of FY2014, after funding for the previous fiscal year expired. Because funding did not resume on October 1, affected agencies began to cease operations and furlough personnel that day. A 16-full-day shutdown ensued, the first to occur in over 17 years..."
Federal government shutdown
Failure of the President and Congress to reach agreement on full-year or interim funding measures occasionally has caused shutdowns of affected federal government activities. The longest such shutdown lasted 21 full days during FY1996, from December 16, 1995, to January 6, 1996. More recently, a funding gap commenced on October 1, 2013, the first day of FY2014, after funding for the previous fiscal year expired. Because funding did not resume on October 1, affected agencies began to cease operations and furlough personnel that day. A 16-full-day shutdown ensued, the first to occur in over 17 years..."
Federal government shutdown
Thursday, October 10, 2013
Government Shutdown Research Guide (UW-Madison)
Beth Harper, Government Information Librarian, UW - Madison - Memorial Library has created a research guide to find federal information resources during the time that federal agencies are shutdown.
Government Shutdown Research Guide
Government Shutdown Research Guide
Thursday, September 26, 2013
Shutdown of the Federal Government: Causes, Processes, and Effects
"When federal agencies and programs lack appropriated funding, they experience a funding gap.
Under the Antideficiency Act, they must cease operations, except in certain emergency situations
or when law authorizes continued activity. Failure of the President and Congress to reach
agreement on interim or full-year funding measures occasionally has caused government
shutdowns, the longest of which lasted 21 days, from December 16, 1995, to January 6, 1996..."
Shutdown of the Federal GovernmentWednesday, March 16, 2011
Shutdown of the Federal Government: Causes, Processes, and Effects
"When federal agencies and programs lack appropriated funding, they experience a funding gap.
Under the Antideficiency Act, they must cease operations, except in emergency situations. Failure
of the President and Congress to reach agreement on interim or full-year funding measures
occasionally has caused government shutdowns, the longest of which lasted 21 days, from
December 16, 1995, to January 6, 1996. Government shutdowns have necessitated furloughs of
several hundred thousand federal employees, required cessation or reduction of many government
activities, and affected numerous sectors of the economy. This report discusses the causes,
processes, and effects of federal government shutdowns, including potential issues for Congress."
"When federal agencies and programs lack appropriated funding, they experience a funding gap.
Under the Antideficiency Act, they must cease operations, except in emergency situations. Failure
of the President and Congress to reach agreement on interim or full-year funding measures
occasionally has caused government shutdowns, the longest of which lasted 21 days, from
December 16, 1995, to January 6, 1996. Government shutdowns have necessitated furloughs of
several hundred thousand federal employees, required cessation or reduction of many government
activities, and affected numerous sectors of the economy. This report discusses the causes,
processes, and effects of federal government shutdowns, including potential issues for Congress."
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