Thread: What Will a Gov't Shutdown Mean for the Market?

The markets don't like uncertainty. There are a bunch of other things going on right now that make the markets jittery. I think the markets go down, but not like a rock. I think an interesting poll would be, will we have a shutdown and if so how long. I'm thinking we have a weekend shutdown. What will be interesting is to see who blinks first.

Originally Posted by Appatite

A government shutdown means the people working the Lincoln Memorial and other sites will be staying home. The rest will be working, right? Just the rumor I read this morning.

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Aiming for one of those 15% years. Man, that would be nice.

Hope you get it (the 15%). Me be happy to be within 15% of the tracker leader eoy. Disreguard my signature for the present.

Take the Poll and/or post your comments!

i'm more concerned with what the markets might do before the shut down.

got all my travel money reimbursed, payday is next monday but usually hits the bank 24:00 friday night, plus my emergency accounts, and i'm getting a new computer.

please, please, hold out for a sensible sparse budget boys, and i could use a free two weeks off.

If there is a shutdown, can you take leave during it and still get paid?

Originally Posted by pmcint01

If there is a shutdown, can you take leave during it and still get paid?

sorry, but no. In fact you'd be wasting your a/l if you did that. think of it as involuntary-ie you would be at work if you could, therefore if/when the gov turns back on, we are likely to get reimbursed for time presumed we would have been working. thats the way it went last time.

nobody (of those told to stay home) gets paid unless the gov turns back on, once it turns off. if you are required to work during the shutdown (some people would be), you'll get paid regardless.

I read one article that they'd have to turn off the blackberry service so that you wouldn't be able to do any work during the shutdown. Apparently part of the anti-deficiency act does not allow people to work if the government can't pay them.

Let's see, the Pres., Joint Chiefs of Staff, etc. other "essential employees" as defined-they will stay on the job, their blackberries wont be turned off. again, "essential employees" will continue working and get paid. all others will be required to stay home and not work until called back.

Originally Posted by alevin

Let's see, the Pres., Joint Chiefs of Staff, etc. other "essential employees" as defined-they will stay on the job, their blackberries wont be turned off. again, "essential employees" will continue working and get paid. all others will be required to stay home and not work until called back.

Just read a short blurp that Reps and Dems are close to an agreement for a 2 week extension. Would delay closing for a short while.

Originally Posted by pmcint01

If there is a shutdown, can you take leave during it and still get paid?

Last shutdown they did not allow leave to be taken. Makes sense if you think about it. They don't have money to pay us since we don't have a budget. If they could pay us we would be working.

The last shutdown I do not remember anything about leave. We were told to apply for unemployment and wait to get called back. The budget passed and we all got paid for the time off. This time if we shutdown I would not think Congress will pay us for the time off. Huge money savings. Just my opinion.