- Scoops
- Posts
- 🔎 Market Mysteries
Our answer:
The US government is so bad at budgeting that it might shut down. When Congress can't agree on its annual spending plan for the next year, the money stops, and non-essential government functions freeze. The economic effects are strange and disruptive but not often devastating. The shutdown's length is the most significant determining factor of the damage. After passing a last-minute bill to fund the government for another six weeks, Congress only kicked the can down the road.
What is a government shutdown?
Subscribe to Premium to read the rest.
Become a paying subscriber of Premium to get access to this post and other subscriber-only content.
Already a paying subscriber? Sign In.
A subscription gets you:
- • Free Daily Scoops: Get smarter on the economy and companies impacting your life
- • Premium Weekly Scoops Content: Catch up on every trend affecting your money, home, and career
- • Premium Explained Content: Breaking down the biggest economic challenges facing people and planet
- • Insider Community Access: Exclusive discussions with our founding team and other Insiders
- • Early App Access: Help shape the future of the Scoops platform and provide feedback on the newest releases
- • Special Rewards: We shower our Insiders with exciting gifts every month
Reply