The FY2014 Government Shutdown: Economic Effects

Source: Marc Labonte, Congressional Research Service, CRS Report, R43292, September 11, 2015

The federal government experienced a funding gap beginning on October 1, 2013, which ended when the Continuing Appropriations Act, 2014 (P.L. 113-46) was signed into law on October 17, 2013. This funding gap resulted in a “government shutdown” and the furlough of federal employees who were not excepted. The Continuing Appropriations Act, 2014 also temporarily suspended the statutory debt limit through February 7, 2014. This report discusses the effects of the FY2014 government shutdown on the economy. … The Congressional Research Service does not plan to provide an independent estimate of the economic impact of the shutdown. This report does not provide background on or explanation of recent or historical shutdowns or funding gaps. For information about government shutdowns, see CRS Report R43250, CRS Resources on the FY2014 Funding Gap, Shutdown, and Status of Appropriations, by Justin Murray and CRS Report RL34680, Shutdown of the Federal Government: Causes, Processes, and Effects, coordinated by Clinton T. Brass. …