2. how did it come to this?
• The Democrat-led Senate and Republican led-House
crashed over President BarackObama's landmark
healthcare bill, known as Obamacare.
3. Wait, what? Why is the federal
government shut down?
• There are wide swaths of the federal government
that need to be funded each year in order to
operate. If Congress can't agree on how to fund
them, they have to close down.
4. What does it
mean?
The shutdown means all
"non-essential staff" - about
800,000 of the total 2.1
million-strong federal
workforce - will stay home
in a temporary leave of
absence known as a
'furlough’.
5.
6. What happened last time?
• The government shut down for 21 days under
President Bill Clinton in mid-December 1995
GrandTeton National Park
8. Who else does it affect?
• The stock market dropped amid news of the shutdown
• Investors are also keeping themselves braced for an
even bigger meltdown on October 17, when the
government will face its deadline on the national debt
ceiling.
• Events in the US are crucial because they are the
bedrock that nearly every other investment is built
upon
9. 8ThingsTo Know About A
Government Shutdown
• It won't be the first time
• The last shutdown lasted three weeks
• Only the "essentials“
• The checks are in the mail
• Even in a shutdown, the Postal Service delivers
• National parks and museums? Forget it
• Visa and passport delays
• Who would be blamed for a shutdown?
10. Five lessons we can take away from
the U.S. Government shutdown
• Government Has Enormous Power
• Compromise Is Important
• Be Forthright
• Life is Sometimes Not Fair
• Play Nice
