Who Will Suffer Most Should US Government Runs Out Of Money?

A U.S. government shutdown is possible on Tuesday, the first day of fiscal 2014, because Congress has so far failed to find a way to pay for it.

A closure would have far-reaching consequences at federal agencies dealing with everything from sending out Social Security checks to collecting admission fees at national parks.

Here is a roundup of how the impact would be felt:

Federal workers: As many as 1 million U.S. federal employees could face unpaid furloughs or payless paydays, according to the president of the American Federation of Government Employees, which represents 670,000 union members.

National parks: National parks would close, meaning a loss of 750,000 daily visitors and an economic loss to gateway communities of as much as $30 million for each day parks are shut, according to the non-profit National Parks Conservation Association.

CNBC

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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu