EDGAR To Be Closed Wednesday, December 5, 2018
October 1, 2023
A three-day spending extension was passed to give more time for both sides to negotiate a deal. A government shutdown would lead to the suspension of nonessential federal functions and result in millions of federal employees not receiving pay. Social Security and other mandatory government payments would still go out, though functions for various parts of the government could be affected.
The agency is already delaying payments to some long-term recovery projects in order to keep money on hand for more immediate relief during the hurricane and wildfire seasons. The publication of major U.S. economic data, including employment and inflation reports of critical importance to policymakers and investors, would be suspended. forex news calendar The Treasury Department would continue to issue debt and manage the government’s cash position. The Federal Reserve, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency would continue as normal because they are funded by industry fees rather than congressional appropriations.
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In honor of the passing of former President George Bush, the country is observing a national day of mourning. After the United States’ 41st President passed away on Friday night, at the age of 94, the national day of mourning was set for December 5, the day of President Bush’s funeral. To pay respect and in observance of the day, many federal offices will be closing or limiting their service, including the US Post Office, the US Supreme Court, some national parks, and the New York Stock Exchange.
- Designated holidays include official Federal holidays (5 U.S.C. 6103(a)) or “in lieu of” holidays, as applicable; Presidential Inauguration Day, where applicable (specific to the Washington, DC, area); and Federal holidays declared by Executive order, which are treated as holidays for pay and leave purposes.
- Federal law also provides for the declaration of other public holidays by the President of the United States.
- For full-time employees on an AWS schedule whose regularly scheduled nonworkday is Wednesday, December 5, the workday immediately preceding that day will be designated as the employee’s “in-lieu-of” holiday.
- It stemmed from Democrats’ refusal to vote on a spending measure unless Congress had an agreement to ensure protections for young children under the Deferred Action for Childhood Arrival program, which protects unauthorized migrants who came to the U.S. as kids.
- The penultimate of four one-day shutdowns — and eight overall — under Reagan came when House Democrats tried to push for an expansion for the then Aid to Families with Dependent Children program, which the president and a Republican-controlled Senate pushed back on.
Some airports had to suspend operations during a shutdown in 2019 when traffic controllers called in sick. The Cybersecurity and Infrastructure Security Agency would suspend security reviews that help schools, local governments and other institutions defend against ransomware. Most Border Patrol and immigration enforcement agents would continue to work, as would most customs officers. Wildfire fighting efforts would continue, according to the Agriculture Department’s 2020 contingency plan, though timber sales on national forest lands would be curtailed and fewer recreation permits would be issued. National parks, monuments and other sites would be closed to the public, though it will be impossible to keep visitors out of many of them.
EDGAR To Be Closed Wednesday, December 5, 2018
South Dakota is the only state to recognize Native American Day as an official state holiday. In 1968, the Uniform Monday Holiday Act gave several holidays “floating” dates so that they always fall on a Monday, and also established Columbus Day. In 1888 and 1894, respectively, Decoration Day (now Memorial Day) and Labor Day were created. Armistice Day was established in 1938 to honor the end of World War day trading mutual funds I, and the scope of the holiday was expanded to honor Americans who fought in World War II and the Korean War when it was renamed Veterans Day in 1954. After the Sept. 11, 2001, terrorist attacks, the younger Mr. Bush declared the following Friday, Sept. 14, a national day of mourning. In 1968, for example, President Lyndon Johnson designated a day of mourning for the Rev. Dr. Martin Luther King Jr.
Holidays Work Schedules and Pay
The Transportation Security Administration would not be able to hire new airport security screeners ahead of the busy holiday travel season. Lawmakers would continue to collect paychecks, even as other federal workers do not. Staffers would not get paid, though those deemed essential would be required to work. Obama called for a spending bill with no conditions attached, but Republicans ultimately opted to shut down the government over their opposition to the landmark health care law.
The Social Security Administration would continue to issue retirement and disability benefits, though the agency might have to delay its announcement of its annual increase in payments. The Secret Service and the Coast Guard would also continue operations, and most employees would continue to work. Agents at the FBI, the Drug Enforcement Administration (DEA) and other federal law enforcement agencies would remain on the job, and prison staffers would continue to work. In the end, Democrats relented after Republicans pledged to work toward a deal addressing DACA, and Trump signed a short-term funding bill that reopened the government.
Certain employees, such as firefighters, who receive special compensation that anticipates holiday work, thereby forgoing entitlement to holiday premium pay, may be charged leave for an absence occurring on a holiday during which the employee was scheduled to work. Federal law (5 U.S.C. 6103) establishes the public holidays listed in these pages for Federal employees. Please note that most Federal employees work on a Monday through Friday schedule. For these employees, when a holiday falls on a nonworkday — Saturday or Sunday — the holiday usually is observed on Monday (if the holiday falls on Sunday) or Friday (if the holiday falls on Saturday). This shutdown, which lasted for two days, coincided with the one that happened a few days later. House Democrats at the time pushed for water projects and legislation that would’ve reversed a Supreme Court ruling allowing exemptions from Title IX of the Civil Rights Act for colleges and universities that didn’t receive federal funding directly but whose students did.
The 2 million U.S. military personnel would remain at their posts, but roughly half of the Pentagon’s 800,000 civilian employees would be furloughed — ordered not to work. As the shutdown stretched to become the longest in history and Democrats took control of the House, the former president ended up signing a bill to reopen agencies for three weeks and did not include money for the border wall. Weeks later, Congress averted another shutdown by passing a measure that included $1.375 billion for the border wall, far less than the $5.7 billion Trump requested.
(See the definition of “employee” in 5 U.S.C. 5541(2).) In addition, employees receiving standby duty pay under 5 U.S.C. 5545(c)(1) and Federal firefighters compensated under 5 U.S.C. 5545b are not entitled to holiday premium pay. Although there is no authority for an agency to change the “in-lieu-of” holiday for an employee on a flexible work schedule, should i buy apple stock the employee may reschedule his or her AWS day off consistent with agency policy. Since the employee has a regularly scheduled nonworkday on Wednesday, December 5, the “in-lieu-of” holiday for December 5 (the National Day of Mourning for President George H.W. Bush) would be the preceding workday — in this example, Monday, December 3, 2018.
Is the Stock Market Closed Today (Dec 5, ? Why?
Some states with connections to Mr. Bush, such as Texas and Maine, also closed their government offices. To see holidays for a specific year, please select the tab labeled with your year of interest. No. Employees who are scheduled to take annual leave on Wednesday, December 5, will not be charged leave for that day.
Full-time employees under a standard work schedule (8 hours a day, 40 hours a week) are excused from 8 hours of nonovertime work, which are considered part of the 40-hour basic workweek. In 2018, there are 10 federal holidays designated by the United States Congress. The US Congress has the authority to create these holidays according to the United States Code. In general, on each of these holidays all non-essential government offices are closed for business. However other entities such as schools, post offices and bank may remain open for service. Additionally, some state and cities may observe local holidays as well.
Designation of Holidays
New homebuyers in rural areas would not be able to get loans from the Agriculture Department. The ability of the National Labor Relations Board (NLRB) to mediate labor disputes would be curtailed because almost all of its 1,200 employees would be furloughed, according to a 2022 plan. Meat and egg inspections would continue, but some lab services would be disrupted, making it harder to fight animal diseases. Crop insurance would not be affected, but some loan programs would be. Research, conservation and rural development programs would be shut down. The Federal Emergency Management Agency (FEMA) would be at risk of running out of disaster-relief funds.
On the same day, all living former presidents — including Jimmy Carter, Barack Obama, and Bush’s son George W. Bush — are expected to attend a memorial service at the National Cathedral in Washington, DC. The executive order, released on December 1st, orders federal agencies to prepare for the closing. This preparation includes determining the offices to remain open and personnel who will be required to report for national security, defense or other essential duties. The Office of Personnel Management (OPM) will undertake the job of implementing the Executive Order. Pell Grants and student loans would continue to be paid, but could be disrupted as most Education Department employees would be furloughed, according to the agency’s 2021 plan. The Internal Revenue Service (IRS) would stop examining and auditing tax returns and responding to taxpayer queries.
Employees under flexible work schedules are entitled to holiday premium pay if they are required to work during the hours of their “basic work requirement” (i.e., non-overtime hours) on that day, not to exceed 8 hours. In the event the President issues an Executive order granting a “half-day” holiday, employees on a flexible work schedule are entitled to holiday premium pay for work during the last half of their “basic work requirement” (i.e., non-overtime hours) on that day, not to exceed 4 hours. The federal holidays listed above are designated by the United States Congress in Title V of the United States Code (5 U.S.C. 6103).
Passport and visa processing would continue as long as there were sufficient fees to cover operations. Nonessential official travel, speeches and other events would be curtailed. The Smithsonian museums that line the National Mall have enough money on hand to stay open for about a week after a shutdown, as would the National Zoo. After that, they would close to the public, though zoo staffers would continue to care for animals.
On a holiday, full-time employees under a standard work schedule are generally excused from 8 hours of non-overtime work, which are considered part of the 40-hour basic workweek. In the event the President issues an Executive order granting a “half-day” holiday, a full-time employee on a standard work schedule is credited with 4 holiday hours. No. Employees may not earn credit hours in lieu of receiving holiday premium pay when they perform work during normal working hours. However, an employee on a flexible work schedule may earn credit hours, if permitted under an agency’s flexible work schedule policy, for work the employee elects to perform on a holiday that is in excess of his or her basic work requirement (typically 80 hours biweekly).