Congress acts to end federal shutdown, avert debt default
Oct. 16, 2013 – Congress tonight passed and the president is expected to sign a bipartisan plan to fund the government until Jan. 15 and raise the debt ceiling through Feb. 7, finally bringing an end to a 16-day government shutdown and averting a default on the nation’s debt.
The Senate passed the bill on a vote of 81-18. The House followed, voting 285-144.
The deal, originated in the Senate, would also deliver back pay to furloughed federal workers, require income verification for people seeking health-insurance subsidies under the Affordable Care Act and allow Treasury to use “extraordinary measures” to pay the nation’s bills if Congress doesn’t raise the debt ceiling by Feb. 7.
NAFCU has been pressing for action to avert a federal default and has continued to add new credit unions to its “shutdown assistance” page listing credit unions offering special services to members affected by federal furloughs.