Bipartisan Policy Center Outlines Three-Step Plan to Prevent Shutdown Threats
Director of economic policy Shai Akabas recommends actions spanning immediate, medium-term, and long-term measures to reduce recurrent U.S. government shutdown risks.
Summary
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Terms & Concepts
Government Shutdown: A closure of non-essential federal government operations due to the lack of approved funding from Congress.
Deficit: The amount by which government expenditures exceed revenues in a fiscal year.
Public Debt: The total amount owed by a government to creditors, resulting from accumulated budget deficits.