Barring a last-minute deal, the U.S. Senate looks set to allow a shutdown of the federal government to begin at midnight. What that means is that certain, nonessential functions of the government will be curtailed or stopped altogether until Congress passes a federal budget bill for the 2018 fiscal year.

Had Congress not already used its continuing resolution (CR) authority for the 2017 fiscal year to try to repeal the Affordable Care Act and its CR for 2018 fiscal year to pass the new tax bill, a simple majority of the Senate could have passed a CR to avoid a shutdown. As it is, the Senate needs a veto-proof total of 60 votes to approve the budget bill the House approved on Thursda…
24/7 Wall St.