With only two days left to fund the federal government, House Republican leaders failed to pass a short-term spending bill, raising the odds of a shutdown. Unless a spending bill is approved by Congress and President Joe Biden, the U.S. government is scheduled to close its doors at 12:01 a.m. EST on Oct. 1.
As a result, economists are assessing the consequences of Washington shuttering its doors and what it means for the broader economy, from disruptions to the financial markets to interruptions of day-to-day federal services.
