Why “The Sky Hasn’t Fallen Yet” is a Bad Standard for Judging Policy Choices

There are many who are downplaying concerns about the October 17 deadline for approving a routine measure that allows the U.S. to manage its finances and pay the bills it already owes. Without approving an increase in the debt ceiling, it will be difficult for the U.S. federal government to pay its bills on time – likely leading to default. Because of the central role these regular payments play in the U.S. and global financial system, many experts say a default on U.S.

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Proposals to Cut Social Security Resurface

Proposals to cut earned Social Security benefits have resurfaced as politicians scramble to build a budget deal that could reopen the government and potentially avoid an economic disaster caused by a federal default.

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House: Let’s Talk About Everything but Revenue

The House is expected to vote – perhaps as early as this afternoon – on the Deficit Reduction and Economic Growth Working Group Act of 2013 (H.R.3273), a bill that would establish a committee of ten House members and ten Senate members charged with making recommendations to resolve the current stalemate over the government shutdown and looming debt ceiling crisis.

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Congressional Research Service Details Latest Shutdown Developments at the Defense Department

On Oct. 7, the Congressional Research Service updated its report on how a lapse in appropriations – in other words, a government shutdown – is affecting the Department of Defense (DoD). The Center for Effective Government obtained the report and is making it publicly available.

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Shutdown Impacts Beyond the Beltway

While it’s common to equate the federal government with the Washington, D.C. metro area, the federal government provides services all over the country. Because of this, the shutdown’s impact will ripple throughout the country – even before considering the broader economic impacts that would come if it is prolonged.

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Government Shutdown: Facing Furloughs and Disrupted Pay, 1 in 4 Federal Civilians Is a Veteran

While there has been substantial media coverage of how a prolonged shutdown would affect disability and pension payments to veterans, what has been lost in most of the coverage is that large numbers of veterans are being affected now. As more than 800,000 federal employees face furloughs, it is rarely mentioned that a quarter of the federal workforce is made up of veterans, many of them disabled.

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The Government is Now Closed…in More Ways Than One

The ludicrous and wasteful government shutdown can now claim another victim: government transparency. Several functions dedicated to providing information to the American public have been declared “non-essential” and are suspended during the lapse in appropriations. You might say that open government is now closed for business.

Here are some of the ways in which the shutdown is making it harder to know what government is doing (or at least, was doing before the shutdown):

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Government Shutdown: Top 50 Cities with Federal Workers and State by State Numbers

A government shutdown, if prolonged, will have far reaching impact beyond the federal government. But even in a short shutdown, federal workers will face impacts. You could call them fiscal policy's canary in a coal mine since they are among the first to be affected. While many will report to work – with the possibility of a delay in pay – many will be furloughed and may not receive pay for this forced time off. That would be up to Congress.

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What the Government Shutdown Could Mean for You: Best Resources

Americans awoke this morning to discover the federal government had shut down.

To explain the impacts of the nation’s first shutdown in more than 17 years, numerous groups have organized fact sheets, reports, and blogs on the shutdown. We’ve compiled the best of these resources below to distill confusion about what the shutdown could mean for you.

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Government Shutdown Creates Greater Insecurity in a Weak Economy

Now that the U.S. federal government has been shut down, what does that mean for the economy? It depends on a lot, namely how long it lasts. But it is already rattling markets and is estimated to have negative economic impacts, according to news reports. Members of both political parties have stated that the shutdown is not good for the economy. The White House has stated that a one-week shutdown (which some experts view as likely) would cost the economy $10 billion.

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