Syracuse (WSYR-TV) - The federal government is drawing closer to its first government shutdown in nearly 20 years.
The Senate passed a plan to keep the government funded through mid-November on Friday.
The Senate amended the bill the House passed last week and put back in funding for Obamacare.
Whether or not the House and Senate can avoid a shutdown at midnight on Monday, some damage may have already been done according to a top financial policy maker.
“Even if we have a good outcome, it’s still a negative outcome because it creates uncertainty and uncertainty effects people's willingness to go out and spend, effects business willingness to go out and hire and invest. So even with a good outcome at the end of the day, this is a negative," said William Dudley, the President and CEO of the Federal Reserve Bank of New York.
Dudley compares the current situation with a 2011 showdown between the House and Senate.
It was resolved in time, but he says it did delay a recovery.