The federal government shutdown will continue for weeks and months, but it’s going to affect many things, including your rent, health insurance, credit and other financial resources.
Here’s what you need know.1.
Rents and health insurance premiums will remain steadyThe National Rent Assistance Corporation said that rents in New York City will remain flat as of Tuesday at $1,200 a month.
The agency said it expects rents to continue to increase.2.
Credit and debt will be stableThe Consumer Financial Protection Bureau said on Monday that it expects interest rates on federal student loans to stay low and will continue to help consumers with low-interest loans.3.
Credit cards will continue as usual, except for some small changesThe Department of Veterans Affairs will offer up to $1 million in free credit card benefits for eligible veterans to offset the cost of medical care.4.
Health insurance premiums for 2018 will stay the sameThe Centers for Medicare and Medicaid Services (CMS) said that premiums for silver plan health insurance plans in 2018 will remain the same as last year.5.
Medical care costs will increase, but some small improvements will be made6.
Many people will continue receiving unemployment benefitsThe unemployment rate will stay below 6% for most of next year, but people who are receiving unemployment assistance will receive benefits for six months.7.
Federal workers may get raisesThe federal government said on Tuesday that workers will see raises for the first time in almost three years starting Oct. 1.
Workers earning less than $47,600 a year will see a 5% raise, for example.8.
People will be able to use food stamps if they have a jobThe Supplemental Nutrition Assistance Program (SNAP) benefits will be extended through Oct. 8, but many people who qualify will not be eligible.9.
The government will continue its payments to the Environmental Protection AgencyThe Environmental Protection Fund, which provides money to states and localities to clean up pollution and protect water resources, will continue paying out the funds until March 2021.10.
The Department of Energy will continue using coal for powerThe Department Of Energy said on Thursday that it plans to continue using a portion of its coal reserves to help power some of its electric facilities.11.
Federal government programs will continue at their normal levelsPeople who receive food stamps will be eligible for more money, including unemployment assistance, cash payments for health care and more.12.
The federal unemployment rate may go up as a result of the shutdownThe federal unemployment program will go into effect again at the end of March.13.
The Supreme Court will hear arguments on a lawsuit against the Affordable Care ActThe Supreme Court is expected to decide on whether to hear a case challenging the Affordable Health Care Act.
The case is the first to challenge whether the ACA, commonly known as Obamacare, violates the Constitution’s guarantee of due process, freedom of speech and equal protection of the laws.14.
The economy will be stronger than it has been in decades.
The unemployment rate fell below 6%, but the unemployment rate for workers ages 16 to 64 fell to a 13-year low of 8.3%.15.
The U.S. economy is on track to return to pre-recession growth levelsThis story is part of The Post’s coverage of the federal government’s shutdown.