It's day No. 8 of the federal goverment's shutdown, and officials said that consumers, small businesses and the tourism industry are being hurt by Congress' inability to pass a budget.
Locally, 26 people who work at the Chickamauga and Chattanooga National Military Park have been furloughed, a national parks spokesman said last week. Click here to read more about that.
And local employees with the Service Corps of Retired Executives, which is run through the U.S. Small Business Administration, will likely have to close down their office, according to NewsChannel 9.
Some have estimated that the economy will lose $300 million a day during the shutdown, but Cornell University's Arthur Wheaton told WalletHub, a personal finance social network, he thinks that estimate is low. And the costs will be higher the longer the shutdown extends, he said.
The Chickamauga and Chattanooga National Military Park draws visitors to Chattanooga and Northwest Georgia, so tourism dollars can be lost as a result of the shutdown.
"The National Parks system only impacts a relatively small number of employees," he said. "They do, however, impact many thousands of jobs that depend on the visitors for their income. That would include hotels, restaurants, souvenir vendors, gas stations, other area attractions, airlines and rental cars. If the shutdown lasts a week the effects will be minor to moderate. If the shutdown lasts weeks to months that will directly affect many thousands of people and millions, if not billions, of dollars.”
Tips for consumers
Wallethub also offered tips for consumers, including cutting back spending in an effort to have a financial safety net.
Officials also suggested that consumers apply for a new credit card, if cash flow is an issue. The process of getting a new card can take a while, so apply now, according to Wallethub. And the good thing is that it doesn't cost anything unless you need to use it.
Click here to see other consumer tips.
States impacted by shutdown
A new report ranks how each state is impacted by the federal government's shutdown, and Tennessee falls near the middle, coming in at No. 24.
The report from WalletHub took into account which states have the highest concentration of federal workers, the most significant federal contracts, and areas in which there are large numbers of people who have lost or are at risk of losing funding from federal entities.
People at risk of losing funding incluse students, small business owners, senior citizens and veterans.
According to the report, states that the Republican Party won in the 2012 presidential election might be disproportionately affected by a prolonged shutdown.
Fifteen of the top 25 states in the study's "overall at-risk" rankings are red states.
Southern states, including Georgia, Mississippi, Arkansas, South Carolina and Louisiana, may be especially hurt by disruptions to federal student aid programs, because those states had the greatest number of FAFSA applications per capita in the third quarter of 2013, also according to the report.
Click here to see the report.
Sign up for our email list to get your morning news delivered directly to your inbox. All we need is your email address.