The Government Is Officially Shut Down

Moneybox
A blog about business and economics.
Sept. 30 2013 11:58 PM

The Government Is Officially Shut Down

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WASHINGTON, DC - SEPTEMBER 30: Members of the House of Representatives leave the U.S. Capitol after passing a continuing resolution to fund the U.S. government that would also delay enrollment in the Affordable Care Act for one year September 30, 2013 in Washington, DC.

Photo by Win McNamee/Getty Images

The moment we've all been waiting for has arrived. The government is shutting down. Here's the memo from the Office of Management and Budget:

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I'm a little frustrated that this is happening, but given the practical alternatives a shutdown is better than a stopgap solution since it gives us the best chance of avoiding a debt ceiling disaster.

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Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.

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