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Polsinelli - Corporate Finance and Securities
         
 

October 2013

 

Government Shutdown — Now What?

 
 
             
 

For more information about this e-Alert, please contact:

 

Anita R. Estell

202.626.8326

aestell@polsinelli.com

 

Christian Washington

202.626.8320

cwashington@polsinelli.com

 

 

 
 

 

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At 12:01am, October 1, 2013, the United States government entered into a partial shutdown for the first time in 17 years. Senate Democrats and House Republicans traded competing proposals to provide short-term funding for federal agencies, but were unable to reach an agreement prior to the midnight deadline.

Many federal agencies are fully or partially closed in a shutdown situation. More than 800,000 federal employees are furloughed indefinitely due to their designation as "non-essential." Further, a significant number of federal services will be suspended until Congress appropriates sufficient funding to resume them. The chart that follows shows select federal agencies and how key offices and programs are affected by the shutdown.

As today marks the second day of the government shutdown and Congress remains unable to agree, we discuss the effects on relevant agencies and programs as well as:

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