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What to Know About a Looming U.S. Government Shutdown

Bloomberg business news

Congress Ends Shutdown by Passing Delayed Budget Deal

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The U.S. government is approaching yet another possible shutdown unless Congress enacts a stopgap spending bill that carries through the start of a new fiscal year on Oct. 1. Memories remain fresh of the longest shutdown in U.S. history, lasting 35 days in late 2018 into early 2019, over President Donald Trump’s insistence on $5.7 billion for a wall on the border with Mexico. 

The U.S. government runs on 12 appropriations bills passed each year by Congress and signed by the president. In fiscal years like this one, when all 12 bills aren’t adopted by the Oct. 1 start of the fiscal year -- the current count is zero, for those keeping score -- Congress and the president keep the machinery of government humming by passing short-term extensions of current funding, known formally as continuing resolutions.