That’s the $85 billion question. No one knows. It could happen before the end of March, when Congress faces yet another deadline—to continue funding for the entire government. “That would be the optimistic scenario,” says budget expert Scott Lilly, “that somehow these knuckleheads come to their senses within that period of time.” If no deal is struck by then, all nonessential government operations will cease. Neither side wants government services to slow to a crawl, but it could happen.
- How Bad Will It Be?
- Does This Mean I Don’t Have to Pay My Taxes Because the IRS Will Be Shut Down?
- Why Is This Happening Again?
- Why All This Focus On Cuts? Wasn’t The Latest Election About Which Party Could Create More Jobs?
- What About Monthly Social Security Checks, Medicare and Veteran benefits?
- When Will the Two Sides Come to the Table and Strike a Deal?
- Is There Any Way to Limit the Damage?
- What Does “Sequester” Mean?