This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

How a Government Shutdown Could Affect You

NEW YORK (MainStreet) -- With President Barack Obama and Congress still far apart on a budget-cut agreement, it's looking increasingly likely this week will end with a government shutdown.

First, let's be clear on what that doesn't mean: The postal service will not stop delivering the mail, nor will the military have to hold a bake sale. "Essential services" will remain uninterrupted. And it's not likely the shutdown will last forever -- the last time this happened in late 1995, political pressure on both parties brought things to resolution, though the government was still closed for three weeks. With neither party poised to come out of this one smelling like roses, expect cooler heads to prevail sooner rather than later.

It's looking increasingly likely this week will end with a government shutdown.

Oh, and don't think this means you get an extension on your taxes. Come hell or high water, that deadline is still April 18.

Here are some situations in which you could find yourself directly affected by the shutdown.

1. You're a nonessential government employee. Nobody likes to think of themselves as "nonessential," but if you're on the federal dime and you're not delivering the mail, defending the country, taking care of the sick or telling planes when to land, there's a chance you'll find the doors to your office locked Monday morning.

At the moment, the Office of Management and Budget has not released its contingency plan for federal agencies that would be affected by the shutdown -- which has just prompted a lawsuit by the largest federal employee union. But based on the previous shutdown, a number of employees could find themselves idled or furloughed if they're deemed inessential to the country's day-to-day operations.

2. You're planning to visit a national park or museum. The weather's getting warmer, which means there's a lot of people planning to visit parks, museums and other tourist attractions. But the federal employees staffing Yellowstone and the Smithsonian aren't exactly essential, so you could be in for some disappointment if you show up Monday and the parks are closed for business. According to the Congressional Research Service, the previous shutdown closed of 368 National Park Service sites, costing the government millions in tourism revenue.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs