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Reply to "Talk of potential government shutdown? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm hoping someone here can educate me - I've heard a few times on NPR that there is concern about being headed towards a government shutdown. How/why would this happen, and what would trigger it? [/quote] Not going to happen. Musk controls Treasury and Treasury issues reports on how close the country is to the debt ceiling. There will be no report issued so no shut down. [/quote] What? No. These are two separate things. The shutdown will happen on the ides of March if Congress doesn’t pass a budget or continuing resolution by then. If we crash through the debt ceiling, then we will default on our trillions of dollars of debt. Yellin thought it would likely happen in March, depending on receipts. Given that Trump is trashing the economy, it’ll probably happen sooner. Both are indicative of the republican inability to govern. Both are entirely avoidable. But they are different. [/quote]
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