WASHINGTON, D.C. – October 8, 2013 – (RealEstateRama) — As you likely know, the House and Senate failed to agree on a “Continuing Resolution” (CR) to provide short-term funding for fiscal year 2014, which began October 1, and Congress hasn’t enacted any FY14 appropriations bills. Without 2014 funds to use to pay for agency operations, a large share of federal employees have been furloughed, including 96 percent of HUD staff. At this point, it is unclear how long the partial shutdown will continue. There is no clear “end game” in sight, though many observers believe that the October 17th deadline to raise the debt ceiling or risk default on federal payment obligations may lead Congress and the President to resolve the shutdown, as well, around that time if a CR is not enacted before then
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