WASHINGTON, DC-For those of you who don't have the stomach tofollow the political minutia behind the recent news coming out ofofficial Washington, this is your lucky day—we have been doing itfor you. Today, the US government partially shut down. Mosteverybody knows why: Republicans in the House of Representativesare insisting on a measure that will delay or defund ObamaCare inexchange for funding government operations. How long this impassewill last is anyone's guess, but the ramifications could besignificant. Following are some FAQs about the shutdown and how itmay impact the commercial real estate industry.
How many government employees have been thrown out ofwork? Numbers vary from between 800,000 to onemillion.
Will they recoup their lost pay? They did inthe last shutdown but there is no guarantee that will happen thistime. Indeed, pundits have noted that many politicians now are farmore hostile to government workers and unlikely to feel they shouldbe paid for work they didn't do.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
