Monday, November 4, 2013

Government shutdown

If Congress fails to reach agreement on a stopgap spending bill and the government shuts down on Tuesday, the impact on colleges, students, and university scientists would be minimal, at least at first.
But researchers who depend on government-run archives, libraries, and museums could see their work interrupted, and some university employees whose salaries are paid by the federal government may have to wait for their paychecks.
The shutdown would not disrupt the awarding of student aid or the servicing of student loans, at least in the short term, according to the Education Department's contingenc plan. Commercial student-loan servicers and other contractors could continue to work for "some short period of time," but they would have to wait to be paid, and no new contracts would be awarded.

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