By Daniel B. Kline of the Motley Fool –
The partial shutdown of the United States government affects far more than the 800,000 federal workers who are either furloughed or working without pay. The impact of the shutdown is radiating throughout the economy, and some areas of government that remain open will soon run out of funds.
For the American people, the cost of this impasse is enormous — and growing by the day. The ongoing shutdown could cost as much as $13 billion a month, or $430 million a day.
The next major hit could come in February when the Supplemental Nutrition Assistance Program (SNAP) runs out of money. SNAP, which falls under the Department of Agriculture, provides food assistance for low- and no-income Americans (mostly families with children). If it can’t meet its obligations in February, many of the 40 million people it serves will go hungry.