It’s increasingly unlikely that members of Congress will pass the required budget agreements or grant themselves additional time through a continuing resolution before the September 30 deadline, meaning the chance of a federal government shutdown on October 1 is now more likely than not.

All federal agency workers considered non-essential would not report for work after midnight on Saturday. Those deemed essential include postal employees, federal aviation workers and active duty military. All will receive pay retroactively, as will the nonessential sidelined workers.

Read the full article

Read more Economic Commentary