The risk of a federal government shutdown on October 1 looms even larger after House Speaker Kevin McCarthy’s latest spending deal was killed by members of his own Republican Party.
If the government were to shut down, all non-essential government functions would come to a screeching halt at a time of economic uncertainty. Members of the military wouldn’t receive paychecks, federal workers would be furloughed, and small businesses may not receive the loans they depend on to stay afloat.
