Financial planner Arthur Stein will discuss what you can do to protect your assets in the event of another government shutdown, and Sean Reilly will talk about the possibility of another shutdown, and what's ahead for feds. October 23, 2013
Top politicians have vowed there will be no more shutdowns. But they've said that before, including as recently as this month, Senior Correspondent Mike Causey says. So what can you do if there's a repeat performance?
Eighty-three percent of respondents to a Federal News Radio online poll said morale at their workplace is now worse than before the shutdown. Another 5 percent of respondents said they didn't feel personally affected but the morale of their co-workers had worsened. Federal workforce experts and employees, themselves, say the the two-week government shutdown has opened up a rift of resentment between groups of federal employees which, in part, is fueling the morale drain.
Much of the shutdown news focused on its impact on Washington and shuttered national parks. But many smaller communities have taken a deeper, more permanent hit, Senior Correspondent Mike Causey says.
Beth Cobert is on the job as the deputy director for management at the Office of Management and Budget. The Senate confirmed Cobert and 24 other nominees late Wednesday night.
On this week's Capital Impact show, Bloomberg Government analysts will examine how the government shutdown is affecting contractors, and what some people are doing to to generate income during these tough economic times. October 17, 2013
"I certainly hope what happened to you never happens again," says former DHS CHCO Jeff Neal in an open letter to feds. "If it does, maybe we would be better off if we really shut down the whole government when the money runs out. Open the borders, ground the airplanes. Bring the troops home. Let our fellow citizens see what would really happen if you were not on the job every day."
The bill passed by Congress reopening the federal government after a two-week shutdown grants retroactive pay for furloughed federal workers and clears the way for all federal employees to receive a 1 percent pay raise in January. The continuing resolution, which funds government operations through Jan. 15, also grants agencies some spending flexibilities to avoid sequestration-related furloughs over the next few months.
Two weeks into a government shutdown that has hamstrung federal agencies and sent large sections of their employees home without pay, Congress is heading for another last-minute showdown — this time over raising the government's borrowing authority, known as the debt ceiling.
Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell spoke by phone Sunday but failed to agree on a deal to raise the nation's borrowing authority above the $16.7 trillion debt limit or reopen a government still shuttered on its 14th day.
A new staff report from the Senate Commerce Committee highlights some of the ways in which the government shutdown is throwing sand in the gears of the private economy. But the authors also point to several ways in which federal furloughs are jeopardizing public safety.
Nearly all of the Defense Department's civilians are now working, despite the government shutdown. Many members of Congress believe none of those civilians should have been furloughed to begin with. DoD remains unsure how to address contractors under the Pay Our Military Act.
House Republicans are offering to pass legislation to avert a default and end the 11-day partial government shutdown as part of a framework that would include cuts in benefit programs, officials said Friday. Republicans also seek changes in the three-year-old health care law known as Obamacare as part of an end to an impasse that has roiled financial markets and idled 350,000 federal workers. President Barack Obama has insisted he will not negotiate with Republicans over federal spending - or anything else - until the government is reopened and the $16.7 debt limit raised to avert the possibility of default.
Jamie Morin, the outgoing comptroller and President Barack Obama's nominee to be DoD's second director of Cost Assessment and Program Evaluation office, told lawmakers Thursday that the Air Force would struggle to meet the 2014 financial management deadline. Jo Ann Rooney, the nominee to be undersecretary of the Navy, said furloughs from sequestration and the government shutdown have delayed progress on several programs.
House Speaker John Boehner says Republicans would vote to extend the government's ability to borrow money for six weeks, but the partial government shutdown would continue.