By David Meek | The Arizona Report
Since December 22, 2018, a partial government shutdown has left the real estate industry in a bind. Approximately 30% of government services are suspended and 800,000 federal employees have been furloughed or continue to work without pay. Essential services, like social security payments, air traffic control and national defense remain intact.
If you are in the middle of certain types of residential real estate transactions, you have noticed delays or complete suspensions of government services essential to the closing of your deal.
The genesis of the shutdown in December was an impasse between President Trump and lawmakers. There was no compromise on a spending bill that would raise the debt ceiling and keep certain departments and agencies open. When the previous spending bill expired on December 21st, nine departments and several agencies were left without the funds required to operate.
