1、CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i Economic Effects of the FY2019 Government Shutdown name redacted Specialist in Macroeconomic Policy January 7, 2019 On December 22, 2018, funding lapsed for certain federal agencies, initiating a shutdown of those agencies
2、. This Insight discusses how the shutdown could affect the overall economy. Official economic data will not be available for some time, and the data needed to answer some questions about the shutdown will never be available. Instead, the Insight reviews private forecasts, relevant data concepts, and
3、 evidence of the economic effects of the 16-day FY2014 shutdown (which occurred in October 2013). For more information on government shutdowns, see CRS Report RL34680, Shutdown of the Federal Government: Causes, Processes, and Effects, coordinated by (name redacted). Effect on Economic Activity The
4、economic effects of the shutdown depend on its scope and duration. Assuming funding remains at the levels previously agreed to in the Bipartisan Budget Act (P.L. 115-123) when the shutdown ends, the shutdown mainly shifts the timing of federal spending but does not alter the total amount of spending
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