February 15: DHS Shutdown Puts TSA, FEMA Pay at Risk as Talks Drag

February 15: DHS Shutdown Puts TSA, FEMA Pay at Risk as Talks Drag

The DHS shutdown on February 15 puts paychecks for TSA screeners and Coast Guard personnel at risk and could slow FEMA disaster funding. ICE and CBP operations remain funded, limiting border impacts but not travel or emergency cash flow stress. For investors, the key issues are throughput at airports, receivable timing for FEMA and Coast Guard contractors, and the timeline for Congress to restore appropriations. We outline practical signals to watch and steps to protect portfolios if the DHS shutdown moves from days into weeks.

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