13 ways a federal government shutdown would affect the nation

In an attempt to stop a government shutdown, President Obama has scheduled an evening negotiating session Wednesday that will include himself, House Speaker John A. Boehner, Senate Majority Leader Harry Reid and Vice President Joe Biden.

What would happen if negotiations aren't successful and the government is forced to shut down at the end of the week?

Here's a list of 13 consequences that would befall us if the federal government runs out of money Friday night, which many people fear is a real possibility.

1. The IRS would stop processing paper tax returns. Only 30% of tax filings are done the old-fashioned way via paper, but those returns would be set aside, and any refunds for those filings would be delayed.

2. The IRS would stop conducting audits. Sometimes there is good news with the bad.

3. The Federal Housing Administration, which guaranteed nearly 40% of all U.S. home purchase mortgages totaling $200 billion last year, would cease endorsing new mortgages.

4. The Small Business Administration would be forced to halt approval of business loan guarantees.

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