(Berea) - With a federal government shutdown possible next week, many are wondering what services will be available if Congress cannot agree on raising the debt ceiling.
Kevin Jacques of Baldwin-Wallace University believes about 50% of the federal government would be affected by a shutdown, but essential services would remain in operation. That includes social security, the courts, law enforcement, and most of the military.
However, the professor of finance says some federal parks and museums may have to close.
Jacques tells Newsradio WTAM 1100 says if there is a government shutdown it would not last for very long, and would not significantly affect the economy or the stock market.
Jacques predicts congressional leaders will reach a compromise that delays addressing the concerns of some members and allows the government to continue operating. They have done that many times before.
Lawmakers have taken their fight over a looming government shutdown to the house floor, mixing name-calling with cries for compromise.
Meanwhile, House Speaker John Boehner has scheduled a closed-door meeting of republican lawmakers to see what, if any, legislation he could push through that might prevent large parts of the government from shutting down on Tuesday.
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