"Millions of Federal Workers' Pay at Risk as Government Shutdown Looms"

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Source: NBC News
"Millions of Federal Workers' Pay at Risk as Government Shutdown Looms"
Photo: NBC News
TL;DR Summary

Millions of federal workers in the United States are facing the risk of not receiving their paychecks as Congress approaches a potential government shutdown. The impasse over a new budget, including funds for the Defense Department, has left House Republicans unable to reach a compromise. The shutdown would not only affect federal employees but also contractors, leading to a ripple effect on businesses dependent on their services. The timing is particularly precarious as households are already grappling with inflation and the expiration of Covid-era benefits. Food banks are preparing for an influx of federal workers seeking assistance, and economists warn that a prolonged shutdown could have a significant impact on the U.S. economy, potentially leading to a recession.

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