00:00The federal government is set to shut down on Wednesday, unless Congress manages to strike a last-minute agreement before the September 30th funding deadline.
00:07So if it has to shut down, it'll have to shut down.
00:10Here's how a government shutdown could affect you.
00:12The most significant impact will be to federal workers, most of whom would be sent home without pay.
00:17But in a departure from how past shutdowns have been managed, the White House Budget Office is instructing agencies to prepare plans for permanent mass firings in programs that would lose funding, rather than temporary furloughs.
00:28Recreational facilities funded by the federal government, such as national parks and Smithsonian museums, would be forced to close.
00:36Social Security, Medicare, and Medicaid would continue to run during a shutdown.
00:39However, in past shutdowns, both agencies have cut back on related services, such as halting the issuance of new Social Security cards, replacement Medicare cards, and benefit verifications.
00:50Services for veterans outside the health system, including some administrative functions and benefits processing, could be delayed.
00:56Families could see delays in food assistance, ICE agents, and Customs and Border Protection will remain on duty.
01:03Detention facilities will also continue to operate, though court hearings for some immigration cases may be delayed.
01:08Air travel might slow as TSA agents and air traffic controllers are asked to work without pay.
01:13There may also not be a monthly jobs report on October 3rd, which could impact the Federal Reserve's decision-making and create uncertainty in the markets.
01:20The last government shutdown took place in December 2018, under President Donald Trump's first term, when most government activity came to a halt for 34 days.
01:29It was the longest in the modern era, and cost the U.S. economy at least $11 billion.
01:34$13 billion.
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