20131006

government shutdown

 
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TERM OF THE DAY

government shutdown

This occurs when Congress cannot resolve budget disagreements for the upcoming fiscal year and stops all but essential federal services. It affects a large number of federal employees, not including military personnel and necessary staff. The shutdown continues until the government is able to negotiate a new budget bill.
Learn more about this term
Usage Example
DC restaurants are expected to take a revenue hit because of the government shutdown.
Source: Business Dictionary
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