Takeaway: JT Taylor and Emo Gardner hosted a conference call on the rising prospects of the government shutting down for the first time since 2013.

With Congress on the brink of shutting down the government for the fourth time in three months at midnight tonight, JT Taylor and General Emo Gardner ran through the various scenarios under consideration and weighed the impact a shutdown will have on the budget and spending caps as well as industries that are dependent on the Federal government, e.g. defense.  They also discussed prospects for future legislation and bipartisan collaboration on a host of backlogged issues

CLICK HERE to listen to Hedgeye's team of J.T. Tayor and General Emo Gardner along with Capitol Hill veteran Jeff Shapiro of Peck Madigan handicap the unfolding events.