Professional Services Council's Alan Chvotkin On Shutdown Of '95 And Today

Professional Services Council executive vice president Alan Chvotkin appeared on CNBC's Worldwide Exchange this morning to talk about the United States

, and how it compares to the shutdown of 1995.  "There will be a large number of federal employees who will be told today whether they're essential or not, and whether to come to work, and so too for federal contractors. The federal government will notify contractors over the next couple of days, whether they should continue working, or they'll have to furlough their own employees," said Chvotkin. He cited the various difference between the government shutdown of 1995 and the one happening now in 2013, saying that in '95 the federal government was much smaller, with fewer contractors working under its umbrella, less overall spending, and the shutdown only taking partial effect. 

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"Many federal agencies had a regular appropriation and were able to continue work as normal," said Chvotkin, noting that this time, it's the entire government.  Despite agreements to pay certain government employees, Chvotkin said as many as many as 700,000-800,000 employees could be at risk.  "If the shutdown continues for several days, and longer, the risk goes up exponentially," said Chvotkin regarding the total number of jobs lost.