164 Paul Lawrence Vann - Congress Is Working To Avoid A Government Shutdown, How You Can Prepare In The Event It Happens

Just when it seems as though the economy is stabilizing, it isn't because the U.S. Congress has to negotiate a debt limit increase by week's end.  The debt limit increase is typically a no-brainer, but not with this Congress.Federal Reserve Chairwoman Yellen states, "If the debt limit isn't approved and increased, it will eviscerate the U.S. Economy."  Here are some facts to consider: Washington and Wall Street is optimistic that Congress can pass a bill to fund the government and avert a partial shutdown before a Friday deadline.Democrats and Republicans appear to be coalescing around a bill to fund the government through late January or early February.A lapse in government funding can lead to furloughs of federal workers and a lapse in some government services.Congress has a long list of priorities in the coming weeks, including funding the government, raising or suspending the debt limit, the annual defense budget bill, and Democrat's $1.75 trillion Build Back Better Act.Here are a few things you can do to prepare yourself if the U.S. does shutdown:Revisit your budget and spending habits.Stockpile food and develop meal plans.Delay any large expenses that you can this month.Take inventory of your belongings.Hold a household meeting.Get a second job if possible.Identify the resources available in your community.Contact your mortgage company or landlord.Reach out to friends and family.Rent a room in your house, if you have the ability to do so, given the pandemic, a basement could be a good alternative.Here's to the U.S. Congress coming to terms on the debt limit increase in order to prevent a government shutdown. Share the things you can do in the event of a government shutdown.Discover more about Paul Lawrence Vann and Wealth Building Academy, LLC: https://bit.ly/3fA9u3m