Understanding Government Shutdowns
📄 Taxes
intermediate

Quick Definition

A government shutdown occurs when non-essential federal offices cease operations due to a lack of approved funding by Congress.

Examples

  • 1In 2013, the U.S. government shutdown affected national parks, causing them to close and resulting in lost tourism revenue.
  • 2During a government shutdown, many federal employees are furloughed, leading to delayed public services such as passport processing.
  • 3Government contractors often experience delayed payments during a shutdown, impacting their financial stability and operations.

Tags

government shutdownfederal governmentbudget impassepublic serviceseconomic impact
Quick Info
Category:Taxes
Difficulty:intermediate
Last Updated:6/19/2025