Term: government shutdown
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Will the Government Shutdown Lead to a Spike in Payday Loans?

By Steven Shaw on 10/2/2013


With lawmakers unable to agree on an extension of federal spending authority, the U.S. government went into a partial shutdown this morning, leaving hundreds of thousands of federal employees without a paycheck.

Essential federal employees will continue working, but others have been furloughed. While an estimated 800,000 government workers had their jobs and incomes put on hold today, their financial obligations were not, and they’ll have to figure out ways to pay their bills.

government shutdown
Payday loans