“The chance of a federal government shutdown increased dramatically and precipitously last week from 40 percent to 60 percent. It’s now more likely than not that a shutdown will result from the craziness going on in Washington,” Stan Collender writes.
“With the House already in recess until after Labor Day and the Senate about to leave town this week, all of the components that had led to my previous 40 percent estimate got worse. There’s now even less time – Congress will be in session only a handful of days before the fiscal year begins on October 1 – for the House and Senate to devote to appropriations.”
“The leadership has already admitted that nothing has been decided about how to deal with this situation. In other words, this will be the kind of last minute, ad hoc decision that in the past has repeatedly failed and led to unwanted consequences…like a shutdown. In budget technical terms, the House and Senate leadership will be flying by the seat of its pants.”