Table of Contents
How many times has the US government been shut down?
List of federal shutdowns
| Shutdown | Days | Agencies affected |
|---|---|---|
| 1995–1996 | 21 | some |
| 2013 | 16 | all |
| Jan 2018 | 3 | all |
| 2018–19 | 35 | some |
What a government shutdown means?
Government shutdowns, in United States politics, refer to a funding gap period that causes a full or partial shutdown of federal government operations and agencies. They are caused when there is a failure to pass a funding legislation to finance the government for its next fiscal year or a temporary funding measure.
Will the government shutdown affect travel?
A government shutdown may lead some travelers to consider postponing or canceling a trip. For example, a family may no longer want to take a trip to Yellowstone National Park or Washington DC due to closed parks and attractions.
What happens to small businesses if the government shuts down?
The government backing makes them less risky for the lending institutions. Thus, banks won’t be able to close deals and small businesses won’t be able to secure capital if the SBA and the IRS are shut down.
What would a government shutdown mean for foreign investors?
A government shutdown would take the keys out of the ignition that drives the American economy and ultimately have an adverse impact on the confidence in the economy, which will also have a negative effect on foreign investors.
How did the government shutdown affect small business loan approval rates?
The shutdown, which lasted for about two and a half weeks from October 1-16 slowed economic growth and progress. The government shutdown caused small business loan approval rates to plummet at banks, according to the Biz2Credit Small Business Lending Index™, which tracks small business approvals.
What happens to small businesses if the SBA and IRS close?
Thus, banks won’t be able to close deals and small businesses won’t be able to secure capital if the SBA and the IRS are shut down. Further, SBA services go far beyond lending; the agency provides information and business mentorship guidance that help entrepreneurs launch and grow their businesses.