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Message
re: Chase bank sucks big ones
Posted on 1/24/19 at 10:02 pm to Dixierebel
Posted on 1/24/19 at 10:02 pm to Dixierebel
quote:
she did not know if the government had money
She may have bad guidance from her manager.
The shutdown prevents agencies from obligating (i.e. promising to pay) money for new business. But if you have the check in hand, it's good.
Example: You have a deal with a federal agency where they sign a contract to buy a desk from you. The shutdown hits the very next day. You're still getting paid for that desk because you already have a signed contract. But you will not be able to sell a chair to go with it until the shutdown is over.
Source: I do financial management support for one of the larger federal agencies and have been working in this field for 20 years.
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