Government Shutdown and the TSP

[FireWeatherMet]

I apologize for posting this here, still having difficulty navigating around the forums.
My question is: WILL WE BE ABLE TO FREELY MAKE CHANGES IN OUR TSP ALLOCATIONS VIA TSP.GOV IF THERE IS A SHUTDOWN?

 

[tsptalk]

Hey FWM. My guess is the TSP is essential. It's never been closed before during other shutdowns.

 

[tsptalk]

Government shutdown: House passes stopgap funding bill, sends it to Senate for vote

The House of Representatives approved a bipartisan bill to fund the government for three months and provide disaster relief and farm aid.

The vote caps off several days of chaos during which House Speaker Mike Johnson tried and failed to meet the demands of President-elect Donald Trump.

https://www.cnbc.com/2024/12/20/government-shutdown-house-speaker-trump-vote.html

 

[Buffalo_Nickle]

For all CSRS, looks as if the WEP could have made it through the Senate?

 

[evilanne]

https://www.fedsmith.com/2024/12/21/wep-and-gpo-bill-passes-in-congress/

Higgins: Social Security Fairness Act Will Become Law - Congressman Clay Higgins

Higgins: Social Security Fairness Act Will Become Law

clayhiggins.house.gov

Looks like it is done deal, question is how long will it take to implement & how will that work. Does not impact me but it would my mother.

 

[nasa1974]

https://www.fedsmith.com/2024/12/21/wep-and-gpo-bill-passes-in-congress/

Higgins: Social Security Fairness Act Will Become Law - Congressman Clay Higgins

Higgins: Social Security Fairness Act Will Become Law

clayhiggins.house.gov

Looks like it is done deal, question is how long will it take to implement & how will that work. Does not impact me but it would my mother.

Once it is signed probably 2-3 months. I know when I applied for social security, they sent what my numbers where before and after WEP. I wouldn't think it would take too long. It would be a few hundred more a month for me.

 

[James48843]

Alright folks - 48 hour warning to the next government shutdown.

I’m watching tv today- looks like Dems on the Senate are not going to go for the House passed bill. Of that is true- we get at least a weekend long shutdown, as the House has gone home already.

Could be we start the weekend with a shutdown. What will stocks do? Do they sink more- do we think Friday close move into stocks is good? Or bad?

 

[tsptalk]

Alright folks - 48 hour warning to the next government shutdown.

What will stocks do? Do they sink more- do we think Friday close move into stocks is good? Or bad?

 

[James48843]

By the way- this just in. In the Senate Hallway, a Senator yelled “This isn’t a normal shutdown! “ and “ He’s gonna declare an emergency!”

Dem Sen Heard Yelling: 'This Will Not Be A Normal Shutdown'​

https://talkingpointsmemo.com/live-blog/senate-democrats-cr-republicans

One senator, who was identified by reporters at other outlets as Sen. Kirsten Gillibrand (D-NY), was heard shouting at her colleagues from inside the meeting room that they are “complicit in the shutdown,” and imploring them to recognize that this “will not be a normal shutdown.”

“The VA will not be functioning,” the senator said. “The various NIH trials … will be shut down.”

“He will declare a state of emergency,” the senator told her colleagues, seemingly referring to a potential action President Trump might take if Congress does not pass a spending bill before the government runs out of funding midnight Friday.

===================================

 

[tsptalk]

The republicans and democrats are switching talking points (exchanging scripts) from the prior budget deadline. It's all a charade.

 

[jonfresno]

The republicans and democrats are switching talking points (exchanging scripts) from the prior budget deadline. It's all a charade.

Yeah, but this time I'm pretty scared. If there's a shutdown, agencies have to decide who's "essential" (or now days, excepted). Does this make Musk's job super-easy? He'll (wrongly) come out and say, "see? they only need 20% to run the agencies. RIF the folks who were not excepted.

We had our meetings today about shutting down payments, support, etc.

As much as the democrats are trying to stick up for us feds, I just don't think a shutdown will bode well for us.

 

[nasa1974]

Whichever way it goes it's not good for the federal worker or almost any American. We are screwed either way.
The Democrats have big issues and make some big mistakes.
What bothers me most are how the Republicans have given and ceded their responsibility to the American people to this administration.

 

[James48843]

Ok- Senate breaks for the evening. No deals made.

That puts it back on the Senate to come up with something.

Note to Tom: this “flip the script” isn’t going to go smoothly, because, if nothing else, Dems are rusty at cliffhangers. I’m pretty sure it’s going to fall apart tomorrow, the weekend will be a mess, and they’ll come back next week having to try and fix it. Might be a while.

I’m going to get the fishing rods ready. I’ve be off the lake next week. It’s gonna be a weird week however it develops.


Sent from my iPhone using TSP Talk Forums

 

[tsptalk]

Not that this means anything, because it's a little short-sighted, but the futures are up fairly big this evening (modest in relation today's losses) so at least there's no sign of panic after the no deal adjournment.

 

[James48843]

HOLD IT!

Now the NYT is reporting Schumer is going to cave and has enough Dems to pass it tomorrow.

Sheesh.

Trump Administration Highlights: Schumer Says Enough Democrats Will Vote to Avert Government Shutdown

www.nytimes.com

 

[James48843]

What a bizarre way to end the day.

The CR gets cloture vote. It’s over.

I need a drink.

 

[tsptalk]

I need a drink.

I'm buying. What's your pleasure?

 

[James48843]

That’s what has happened in past shutdowns.

So it looks like we hit another shutdown possibility next week on TUESDAY. What will it look like this time?

 

[Boghie]

We won't shut down.

The House will pass the continuing resolution - with no issues from Freedom Caucus.
The Senate Democrats will have to pass it to keep the gubmint gravy train going.

My money is that: 1. The gubmint keeps on rolling, 2. DOGE will revive, and 3. Another round of buyouts occurs.

If the gubmint shuts down, the Administration will permanently lay off many of those marked as non-essential. In court, the Administration will argue that Congress is abrogating it's responsibility by not funding it's allocations in a time of peace and prosperity - thus, the executive has to bring expenditures in line with revenue.

 

[James48843]

Looks like both sides digging in- White House threats of mass firings, Senators saying their must be compromise or they won’t vote.
From my News feed just now:,


White House lays groundwork for mass government firings if there's a shutdown.

The Office of Management and Budget says in a memo that agencies should prepare reduction-in-force plans to accompany furloughs if a spending bill isn't passed next week.

"With respect to those Federal programs whose funding would lapse and which are otherwise unfunded, such programs are no longer statutorily required to be carried out," the memo says. "RIF notices will be in addition to any furlough notices provided due to the lapse in appropriation."

"Programs that did not benefit from an infusion of mandatory appropriations will bear the brunt of a shutdown, and we must continue our planning efforts in the event Democrats decide to shut down the government," the memo says.

https://www.nbcnews.com/politics/wh...rings-government-shutdown-congress-rcna233590

Democrats dig in after White House layoff threat

"President Trump is engaged in mafia-style blackmail, with his threats ultimately harming the American people,” Sen. Chris Van Hollen of Maryland said in a statement, calling the potential layoffs “likely illegal” and pledging that Democrats will be “fighting back with every tool we have."

Said Rhode Island Sen. Sheldon Whitehouse in a succinct social media post, “These weird sickos enjoy cruelty.” Sen. Patty Murray of Washington, the top Democrat on the Appropriations Committee, added that Trump is a “petty wannabe tyrant.”

“President Trump will try to abuse a shutdown — just like he’s trampled our laws for months — but that doesn’t mean he gets whatever he wants as a result,” Murray said in a statement.

https://www.yahoo.com/news/articles/democrats-dig-shutdown-white-house-161010153.html