The laws that Congress passes relative to the federal budget, as well as the fiscal policies that motivate that legislation, can have immediate and long-term effects on the national economy. In turn, economic factors such as the gross national product, the federal deficit, the national debt, and the unemployment level will inform and limit the… Read more »
It’s happened—Congress has not agreed on a bill to fund government operations, time has run out, and now the U.S. federal government has shut down. Whenever federal agencies and programs are not appropriated funds by Congress, they experience what is known as a “funding gap.” Under the Antideficiency Act, they are required by law to… Read more »
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