Submitted by Tyler Durden.
It's 12:01am, do you know where your government is?
- *WHITE HOUSE BUDGET OFFICE DIRECTS AGENCIES TO BEGIN SHUTDOWN
- *U.S. GOVERNMENT SHUTS DOWN FOR FIRST TIME IN 17 YEARS
S&P Futures are 1677, 10Y yield 2.65%, WTI $101.96, Gold $1329.00 – let's see where we open tomorrow…
MEMORANDUM FOR THE HEADS OF EXECUTIVE DEPARTMENTS AND AGENCIES
FROM: Sylvia M. Burwell, Director
SUBJECT: Update on Status of Operations
This memorandum follows the September 17,2013, Memorandum M-13-22, and provides an update on the potential lapse of appropriations.
Appropriations provided under the Consolidated and Further Continuing Appropriations Act, 2013 (P.L. 113-6) expire at 11:59 pm tonight. Unfortunately, we do not have a clear indication that Congress will act in time for the President to sign a Continuing Resolution before the end of the day tomorrow, October 1, 2013.
Therefore, agencies should now execute plans for an orderly shutdown due to the absence of appropriations. We urge Congress to act quickly to pass a Continuing Resolution to provide a short-term bridge that ensures sufficient time to pass a budget for the remainder of the fiscal year, and to restore the operation of critical public services and programs that will be impacted by a lapse in appropriations.
Agencies should continue to closely monitor developments, and OMB will provide further guidance as appropriate. We greatly appreciate your cooperation and the work you and your agencies do on behalf of the American people.
Now it's getting serious…
Due to a lapse in government funding, this account will not be active until further notice.
— U.S. Capitol (@uscapitol) October 1, 2013