Local 3 News had a story about the local impact of a potential shutdown of the Federal government on October 1. They interviewed CRER director and chief economist Howard Wall:
“Government shutdown occurs because there’s a debt limit and the federal government can only borrow up to come amount. And they’re borrowing all the time, and hence, they hit that limit, they have to stop and get reauthorization. So the government shuts down because everyone is out of money,”