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New York bracing for federal government shutdown

Sep 26, 2023 12:21 pm

New York State of Politics reports about how New York will be affected when Republicans shut down the federal government this weekend. A spending bill needs to be passed by Oct. 1, and Republicans seem unwilling and unable to get anything through the House of Representatives. New York Comptroller Tom DiNapoli said, “I don’t see any silver lining in even one minute of a government shutdown." Federal workers in New York will not get paid if the government shuts down. DiNapoli said, “Our economy is very precarious right now. We all know that. What will this do to the financial markets? What will it do for Wall Street? I care as an investor for the pension fund for the state and if the stock market goes down – it’s already been volatile and up and down.” Read more about this story at New York State of Politics.

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