GOVERNMENT SHUTDOWN: ALL YOU NEED TO KNOW AS NEGOTIATIONS GO TO THE LIMIT

With the threat of a government shutdown looming, the House of Representatives voted late Thursday to keep the government open past a Friday deadline to secure a short-term extension of government funding. 

However, Senate Democrats have the voting power to block the House-passed measure to fund the government for another four weeks—and they are threatening to use it if Republicans are not willing to make concessions on immigration.

If Congress and President Donald Trump are unable to approve spending legislation by midnight on Friday, it will force government operations to shut down due to a lack of agreed funding.

Growing calls to challenge the Trump administration on its immigration crackdown have emboldened Democrats, however, to threaten to reject the measure unless concessions are made.

Republican and Democrat leaders have already launched into blaming each other for a shutdown that has yet to happen.  Senate Majority Leader Mitch McConnell, R-Ky., has accused Democrats of a “fixation on illegal immigration,” according to the Associated Press.

He accused Democrats "threatening to filibuster spending for the whole government.”

McConnell also reportedly sent out an email to GOP senators, which was obtained by AP, warning lawmakers that voting against the measure "plays right into Democrats' hand" as such a move would undermine efforts to blame Democrats for killing the legislation.

House Speaker Paul Ryan also called on Senate Democratic Leader Chuck Schumer not to shut down the federal government. “Senator Schumer, do not shut down the federal government... It is risky. It is reckless. And it is wrong," Ryan said.

President Trump further accused Democrats of forcing a shut down "to get off the subject of the tax cuts because they're doing so well."

However, Schumer countered the comments asking how senators could properly negotiate when the U.S. leader, who ulltimately has to sign the legislation, “is like a sphinx on this issue, or says one thing one day and one thing the next?”

Senator Patrick Leahy, the senior Democrat on the Senate Appropriations Committee also issued a statement holding Republicans responsible for the potential shutdown.

“President Trump wants to shut down the government over his cynical and misbegotten ‘big beautiful wall,’ which will be paid for by U.S. taxpayers, NOT Mexico,” Leahy said.

In a bid to avoid a complete shutdown, Schumer proposed the idea of passing a "very short-term" bill that would keep the government running at least for a few more days as an alternative to a month-long extension on funding. 

What would a government shutdown mean?

A shutdown occurs when Congress and the president are unable to pass appropriations legislation funding government operations and agencies.

It would see the closure of federal offices, with thousands of employees staying home from work. Most government services would be paused, aside from "essential" services, such as the FBI, the Department of Homeland Security and most military operations.

If a shutdown were to happen this weekend, it would only be the fourth of its kind to occur in roughly two decades, according to AP.

The most recent shutdown occurred under the Obama administration in 2013, after Republicans refused to support a spending bill that would mean providing funding for Obama's healthcare law. 

The shutdown resulted in a 16-day freeze on government services. 

What will the consequences of a shutdown look like?

Depending on how long a shutdown last, it can cost billions of dollars.

A December report by S&P Global analysts estimates that a shutdown could cost the U.S. as much as $6.5bn per week and could shave approximately 0.2 percentage points, or $6.5 billion, off of real fourth-quarter GDP growth for each week it drags on.

"But, since the government touches almost every aspect of the economy, the full effect of a shutdown would likely be much larger," analysts say in their report. "A disruption in government spending means no government paychecks to spend; lost business and revenue to private contractors; lost sales at retail shops, particularly those that circle now-closed national parks; and less tax revenue for Uncle Sam. That means less economic activity and fewer jobs."

During the 2013 Obama-era freeze on government operations, the Council of Economic Advisors (CEA) estimated that 120,000 fewer private-sector jobs were created during the first two weeks of the shutdown.

S&P Global also warns in its report that a shutdown will also "add to the budget deficit because it's costly to stop and start programs."