On this week's Capital Impact show, Bloomberg Government analysts discuss how the debt limit and furloughs are affecting the economy, and how a case being reviewed by the Supreme Court, could impact future elections. October 10, 2013
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.
Government contractors have not been immune from the effects of the shutdown. From a flurry of stop-work orders to a heightened — some say "cutthroat" — sense of competition in contracts that have, so far, been unaffected by the shutdown. Top experts from the procurement realm address some of the effects and challenges of the shutdown.
The Nuclear Regulatory Commission closed Thursday on day 10 of the government shutdown. The agency stayed open until exhausting its carryover funds.
Most workers in the Veterans Benefits Administration will be sidelined in the next few weeks if a shutdown continues. Funding for employees at the National Cemetery Administration will run out in the next few days.
Monday is supposed to be a federal holiday, but how do you shut down the government when it's already shutdown? Do you open it briefly, then bar the doors? Suppose Columbus' trip to America had been run by modern day politicians. Things might be very different, says Senior Correspondent Mike Causey.
A government shutdown is having far-reaching consequences for some, but minimal impact on others. Mail is being delivered. Social Security and Medicare benefits continue to flow. But vacationers are being turned away from national parks and Smithsonian museums, and that's having a ripple effect on those businesses and communities that rely on tourism.
The House voted unanimously late Tuesday to pass the Federal Worker Pay Fairness Act. The bill, introduced by Rep. Hal Rogers (R-Ky.) Tuesday afternoon, ensures "essential" federal employees, who are working through the shutdown, are paid on time even if the government remains closed.
For furloughed employees, paychecks might be delayed, but bills are still due. Ed Zurndorfer offers advice for how to not fall behind on your payments.
Does the following set of statements best describe your marriage or your job: I love you. I hate you. Go away. Come back. If you work for Uncle Sam, the answer may be both, Senior Correspondent Mike Causey says.
Congress' failure to agree on a short-term funding measure last week immediately threw agencies into shutdown mode, shutting offices and sending hundreds of thousands of federal employees home without pay. But as the shutdown stretches into its second week with no end in sight, a round of second-order effects is beginning to ripple throughout government.
With the announcement from Defense Secretary Chuck Hagel recalling most Defense Department civilians from furloughs, some large defense companies, which had been planning to furlough their employees, have canceled or scaled back their initial plans. However, DoD's move could wind up having only a limited impact on contractors more broadly.
We don't know when the next government shutdown will begin. Or when this one will end. It could be two weeks, or not until another five or 10 years, Senior Correspondent Mike Causey says. In the meantime, here are some survival tips from vets of the shutdown wars...
The Defense Department says it's decided it has the legal authority to bring most of its civilian workforce back from furlough even as a government shutdown persists. But the Pentagon warned that unless the shutdown ends soon, many of those employees will have nothing to do.
The Defense Department is ordering most of its approximately 400,000 furloughed civilian employees back to work.