FILE - The early morning sun strikes the U.S. Capitol Nov. 6, 2006, in Washington, DC. (Win McNamee/Getty Images)WASHINGTON - All the hand-wringing over a potential government default if Congress doesn't increase the government's $31.4 trillion debt ceiling has conjured up images of past government shutdowns.
In shutdowns, "essential" workers — TSA agents and such — showed up, but most federal employees stayed home. Work piled up in offices, and litter piled up in untended national parks.However, there's a big difference between a government shutdown and a default on the nation's debts.America very well knows what happens in a shutdown — it's had four of them in the past 30 years.
There's a lot more uncertainty about a default, which could well have more wide-ranging and devastating impacts, at home and around the world.
There's never been a default, and negotiators are trying to find a way to avoid one now.A look at what is known — and not — about both:A shutdown occurs when Congress doesn't approve funding legislation so that the government can keep spending money to remain open.When Congress hasn’t authorized or extended government funding, there is no authority to spend money.