JACKSON, Mississippi – The state’s Gross Domestic Product could sustain a severe blow should the federal government shutdown go on for an extended time.
The Magnolia State also has the fourth highest percentage – 22.1 percent – of federal workers as a portion of the total workforce, the BLS says.
Only Wyoming – 25.2 percent, Alaska – 24.9 percent and New Mexico — 23.7 percent have a higher percentage of federal employees.
Meanwhile, with a default on the federal debt looming for Oct. 19, Mississippi could find itself in a long line waiting for federal dollars that normally come its way. “We won’t know the full consequences” until a default occurs, Mississippi Treasurer Lynn Fitch said in a recent interview.
“However, we have some rainy-day money,” Fitch added, expressing hope that if the state does dip into its reserves to cover any shortfalls in federal dollars it will be repaid at some point.
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