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Government Shutdown: Essential Information to Stay Updated
Federal lawmakers have just two weeks to fund a new budget — or agree to push the deadline. Right now, neither seems likely, meaning the government could shut down. A group of U.S. House Republicans has agreed on a short-term funding bill aimed at preventing a government shutdown at the end of the month. The challenge, however, will be getting everyone on board. Even if the GOP-led House approves the bill, it will likely be shot down by the Democratic-led U.S. Senate. A government shutdown will impact different parts of your life. Here are seven things you need to know. 1. Essential services will continue to run Essential services,…
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BLS Data Affected by Recent Government Shutdown
Washington, DC CNN — In the event of a US government shutdown, the Bureau of Labor Statistics says it will stop releasing data, including key figures on inflation and unemployment. A lack of crucial government data would make it difficult for investors and the Federal Reserve to interpret the US economy. For now, the economy’s future is unclear: Inflation could slow to the Fed’s 2% target without a spike in unemployment — known as a “soft landing” — or the economy could slip into a recession as the effects of the Fed’s 11 rate hikes take a deeper hold. The state of the economy is understood through data and,…
