Commerce secretary suggests they should be able to take out bridge loans
Commerce Secretary Wilbur Ross says he does not understand why federal employees who are furloughed or have been working without pay during the partial government shutdown would need assistance from food banks.
Several credit unions serving workers at federal departments and agencies have been offering stopgap loans, as they have during previous shutdowns. But it’s not clear how even those loans would be sufficient as the shutdown enters its second month.
“I know they are, and I don’t really quite understand why,” Ross said Thursday when asked on CNBC about workers getting food from places like shelters. “Because, as I mentioned before, the obligations that they would undertake, say borrowing from a bank or a credit union, are in effect federally guaranteed.”
View the complete January 24 article by Niels Lesniewski on The Roll Call website here.