Shutdown would have fallout for government workers, the Fed, and markets

Significant ramifications are in store for federal workers, the Federal Reserve, and the economy if the government shuts down, as it looks increasingly likely to do.

JEFFRIES DIGS IN ON OBAMACARE TAX CREDIT DEMANDS, SAYS VOTE CAN’T WAIT UNTIL AFTER SHUTDOWN

Since 1980, there have been 14 government shutdowns, the longest of which began in December 2018 and lasted for 34 days. Mark Hamrick, senior economic analyst at Bankrate, said that the economic fallout varies from shutdown to shutdown.

“Everyone is different, and some may last longer than others,” he told the Washington Examiner. “You know, the hope is that it can be averted, because they tend to be counterproductive for the U.S. economy.”

Federal workforce

The most obvious effect of a shutdown will be on the federal

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