In a government shutdown, nonessential government offices close due to funding needs, caused by delays in the approval of the next fiscal year budget.
 | | Government Shutdown Definition | | A government shutdown happens when nonessential government offices can no longer remain open due to lack of funding. The lack of funding usually occurs when there is a delay in the approval of the federal budget for the upcoming fiscal year. The shutdown remains in effect until parties can reach a compromise and a budget bill passes. During a government shutdown, many federally run operations will halt. Some organizations may still stay open by running on cash reserves, but once these funds run out, they will also close. Any office which does not receive funding from Congress would continue to operate during the shutdown...Read More » | | Related to "Government Shutdown Definition" | | | | Congress | | Congress is the legislative branch of the United States government responsible for making laws, and helping to balance out the power of the executive and judicial branches. | | Read More » | | | Cash Reserves | | Cash reserves refer to the money a company or individual keeps on hand to meet short-term and emergency funding needs. | | Read More » | | | Furlough | | A furlough is a temporary layoff, involuntary leave or other modification of normal working hours without pay for a specified duration. | | Read More » | | | Shutdown Point | | A shutdown point is one at which a company experiences no benefit for continuing operations and shuts down temporarily. | | Read More » | | |  | | | | CONNECT WITH INVESTOPEDIA | | | | | | | |
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