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government shutdown

The Financial Flipside Podcast, Episode 17: Shut ‘Em Down

February 8, 2019 by Heyward CPA

A weathered blue sign reading, "Sorry, We're Closed" hangs in a shop window. The sign is blue with cream-colored lettering edged in red

On December 22, 2018, the US government entered what was to become the longest shutdown in the country’s history, when the  President refused to sign off on a Congressional budget that didn’t include a requested $5 billion in funding for a border wall. The government temporarily reopened 35 days later, but not before damaging the economy and pushing many federal employees and people who rely on government funding social programs to the edge of their own fiscal cliffs.

 

How and why do shutdowns happen? What, if anything, did we learn from this experience? What can we do to prepare if the temporary funding lapses on February 15th without a budget in place? In this episode: “savings crises,” conference committees, grocery store negotiations, and only slightly less ire about borders than in our economics of immigration episode.

 

Speaking of which, if you’ve missed any of our previous episodes, you can find them on Apple Podcasts , Google Play, Stitcher., or on our website. Questions? Comments? You can email us at [email protected] or find us @financeflipside on Twitter, Facebook, or Instagram.

As always, relevant links are located under the cut.
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Filed Under: podcast Tagged With: federal budget, federal government, finance, government shutdown, income inequality, money, personal finance, US economy

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