Reported 2 days ago
As Congress faces a tight deadline to avoid a government shutdown by October 1, potential implications for your finances are significant. A shutdown could lead to furloughed government workers, disruptions in travel, and delays in services, but Social Security payments should continue unaffected. The stock market may experience volatility, especially for companies reliant on federal contracts, although historical data shows that markets tend to bounce back quickly after shutdowns. For those with student loans, expect potential delays in processing due to reduced staff at the Department of Education. Planning ahead is crucial to mitigate the financial impact of a shutdown.
Source: YAHOO