164 Paul Lawrence Vann - Congress Is Working To Avoid A Government Shutdown, How You Can Prepare In The Event It Happens

Just when it seems as though the economy is stabilizing, it isn't
because the U.S. Congress has to negotiate a debt limit increase
by week's end.  The debt limit increase is typically a
no-brainer, but not with this Congress.


Federal Reserve Chairwoman Yellen states, "If the debt limit
isn't approved and increased, it will eviscerate the U.S.
Economy."  Here are some facts to consider: 


Washington and Wall Street is optimistic that Congress can
pass a bill to fund the government and avert a partial shutdown
before a Friday deadline.

Democrats and Republicans appear to be coalescing around a
bill to fund the government through late January or early
February.

A lapse in government funding can lead to furloughs of
federal workers and a lapse in some government services.

Congress has a long list of priorities in the coming weeks,
including funding the government, raising or suspending the debt
limit, the annual defense budget bill, and Democrat's $1.75
trillion Build Back Better Act.



Here are a few things you can do to prepare yourself if the U.S.
does shutdown:
Revisit your budget and spending habits.Stockpile food and
develop meal plans.Delay any large expenses that you can this
month.Take inventory of your belongings.Hold a household
meeting.Get a second job if possible.Identify the resources
available in your community.Contact your mortgage company or
landlord.Reach out to friends and family.Rent a room in your house,
if you have the ability to do so, given the pandemic, a basement
could be a good alternative.

Here's to the U.S. Congress coming to terms on the debt limit
increase in order to prevent a government shutdown. Share the
things you can do in the event of a government shutdown.


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