Archive for October 1, 2013

What Will be the Overall Impact of the Government Shutdown? Three Facts

Written by Channel 8 News Reno. Posted in Homepage

Breaking news in the world

Did you know that the government has entered a shutdown? This is the first time in 17 years that the U.S. government is closing down. Here are the top news stories for today regarding the U.S. shutdown and its potential implications for government, business and individuals.

1. What’s the Cost of a Government Shutdown?

According to the latest news websites including Channel 8 Reno, the shutdown could cost the government over $2 billion, with various additional harms to the economy that cannot be measured at this point. According to the Office of Management and Budget, the last two government shut downs cost a total of $1.4 billion, the result of back pay to federal workers, as well as uncollected taxes and fines. A short government shut down, lasting a day or two, though, would pr