Pharos-Tribune

Government shutdown

October 1, 2013

What's changing, what's not, in a shutdown

(Continued)

•••

THIS: The Special Supplemental Nutrition Program for Women, Infants and Children, known as WIC, could shut down. It provides supplemental food, health care referrals and nutrition education for pregnant women, mothers and their children.

BUT NOT THIS: School lunches and breakfasts will continue to be served, and food stamps, known as the Supplemental Nutrition Assistance Program, or SNAP, will still be distributed.

•••

THIS: A shutdown that lasts two weeks or more would probably start to slow an already sluggish economy, analysts say. Closures of national parks would hurt hotels, restaurants and other tourism-related businesses. And federal workers who lost pay would spend less, thereby curbing economic growth. A three-week shutdown would slow the economy’s annual growth rate in the October-December quarter by up to 0.9 of a percentage point, Goldman Sachs has estimated. If so, that could mean a growth rate of 1.6 percent, compared with the 2.5 percent that many economists now forecast.

BUT NOT THIS: Little impact on the economy if the shutdown only lasts a few days.

•••

THIS: Economic data will be interrupted as the Bureau of Labor Statistics ceases almost all operations. This will leave the stock market without some of the benchmark economic indicators that drive the market up or down. The key September jobs report, due Friday, could still be released on time if the White House authorizes that, but that’s not been determined. Statistical gathering also is being interrupted at the Commerce Department and Census Bureau. This means the government won’t come out on time with its monthly report on construction spending Tuesday or a factory orders report Thursday.

BUT NOT THIS: The weekly report on applications for unemployment benefits is still expected Thursday. The Treasury Department’s daily report on government finances will be released normally and government debt auctions are to proceed as scheduled. And at Commerce, these functions continue, among others: weather and climate observation, fisheries law enforcement and patent and trademark application processing.

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Government shutdown
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  • APTOPIX Budget Battle Indiana [Duplicate] Furloughs, closures hit Indiana INDIANAPOLIS (AP) — The partial shutdown of the federal government landed hundreds of Indiana-based Air Force reservists, civilian workers and national park employees on unpaid furlough Tuesday, causing some business owners in the most affected areas

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  • Budget battle museum What's changing, what's not, in a shutdown

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  • Budget battle Americans anxious, irritated as gov't shuts down

    From New York's Liberty Island to Alaska's Denali National Park, the U.S. government closed its doors as a bitter budget fight idled hundreds of thousands of federal workers and halted all but the most critical government services for the first time in nearly two decades.

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  • Government shutdown Federal government shuts down

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