Showing posts with label government_shutdown. Show all posts
Showing posts with label government_shutdown. Show all posts

Tuesday, January 29, 2019

The Effects of the Partial Shutdown Ending in January 2019

"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

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

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

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

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 Government

Wednesday, 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."