WASHINGTON – Ingrid Christensen, a Minnesota small-business owner whose company relies heavily on federal contracts, lost $20,000 on the government shutdown and doesn’t expect to get it back. The 35-day shutdown, the result of a political standoff at the highest levels of U.S. government, canceled a federal training program for which Christensen’s INGCO International had been hired to provide translations. She’s tapping personal credit to pay vendors another $60,000 because the shutdown delayed federal payments on a separate contract. “I can’t go to my vendors and say, ‘Sorry, the government isn’t paying us, so we can’t pay you,’ ” she said. That’s just one story in a nationwide cascade of consequences from the partial federal shutdown. Another one looms in less than two weeks as President Donald Trump and Congress struggle to strike a border security deal. Some members of Congress, implicated in the inaction … [Read more...] about Ban government shutdowns? It’s on the table in D.C.
Looming federal government shutdown
Andrew Selsky, Associated Press Updated 4:31 pm PST, Monday, January 28, 2019 FILE - In this June 2018 file photo, U.S. Coast Guard personnel on board the cutter Fir say goodbye to family and friends before heading out to sea near Astoria, Ore. Anticipating possible additional federal government shutdowns, Oregon's Senate president has prepared a bill that will allow federal employees who are working but not being paid to receive unemployment benefits. The draft of the bill also would allow a state-funded program to pay unemployment benefits to active duty U.S. Coast Guard personnel stationed in Oregon who are legally compelled to provide regular service without compensation during a shutdown. (Colin Murphey/The Daily Astorian via AP, File) less FILE - In this June 2018 file photo, U.S. Coast Guard personnel on board the cutter Fir say goodbye to family and friends before heading out to sea near Astoria, Ore. Anticipating possible additional federal ... more … [Read more...] about Oregon prepares for next federal government shutdown
National & International Correction: NerdWallet-Government Shutdown-Mortgages story The Associated Press ORDER REPRINT → January 15, 2019 09:33 AM Government shutdown or government breakdown? When a government shutdown looms, the conflict is rarely about a "clash of values" — as McClatchy Political Editor Steven "Buzz" Thomma explains, it's a sign that Washington is unable to do its job. By Up Next × SHARE When a government shutdown looms, the conflict is rarely about a "clash of values" — as McClatchy Political Editor Steven "Buzz" Thomma explains, it's a sign that Washington is unable to do its job. By In a story Jan. 11 about the government shutdown, The Associated Press — from an article that originally appeared on the personal finance web site NerdWallet — reported erroneously that mortgage loans guaranteed by the Department of Veterans Affairs would … [Read more...] about Correction: NerdWallet-Government Shutdown-Mortgages story
Jan 13, 11:03 PM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury National By Lou Whiteman 01/13/19 AT 10:33 PM As the partial government shutdown continues into its third week, the defense industry trade group and at least one government contractor are warning that the stoppage is beginning to take its toll. Investors would do best to hold tight and weather the storm for now, though the ongoing fight can be viewed as a warning about uglier battles looming on the horizon.Numerous federal agencies have been closed since Dec. 22 after Congress and the White House were unable to agree on a spending bill. The Pentagon was one of a number of agencies that already had its fiscal 2019 funding secured and has not been directly affected. That means we are unlikely to see a repeat of what happened when the entire government was shut down in 2013, when contractors crafted plans to furlough thousands of workers while the negotiations played … [Read more...] about The Government Shutdown Is Beginning To Cause Chaos For Defense Contractors
The ongoing federal government shutdown could start affecting the US housing market soon. Federal workers not receiving pay owe $US249 million in mortgage payments and $US189 million in rent payments this month, according to Zillow. Some federal housing programs such as Federal Housing Administration loans, Veterans Affairs loans, and USDA loans are experiencing delays. Additionally, the Department of Housing and Urban Development cannot pay rental assistance to landlords who provide roughly 100,000 low-income Americans with affordable housing. The ongoing government shutdown looks like it may cause a mess for the US housing market. As the shutdown enters a record-tying 21st day, a number of worries are piling up, ranging from looming mortgage payments for federal workers to missing rent assistance from the Department of Housing and Urban Development (HUD). The problems have left workers worried about making ends meet, potential buyers frozen out of loans, and affordable … [Read more...] about Federal workers affected by the government shutdown have more than $400 million in mortgage and rent payments due this month, and it could cause chaos for the US housing market