Before the end of the 2013 fiscal year for the U.S. federal government, Congress failed to agree upon a short-term funding resolution to send to President Obama and have signed into law to fund the government for fiscal year 2014. As a result, on October 1, 2013, all non-essential functions of the federal government shut down. Without the legal authorization to spend money, the government cannot operate. It cannot reopen until President Obama and Congressional leadership agree on a budget to fund the government. This is the first full government shutdown since it shut down for three weeks in 1995.
This debate over the budget is the first of many major political battles over the next few weeks that will shape the U.S. economy and political landscape,including an increase to the national debt ceiling,the previously-passed health care reform and the 2014 mid-term Congressional elections.
Read more of the analysis on the shutdown, written by APCO’s Washington, D.C., government relations team, here.