Oct. 16, 2013 – House Republican leaders last night hoped to get a vote on a plan that would reopen and fund the federal government until Dec. 15 and raise the debt ceiling through Feb. 7, but that effort fell through and Senate leaders resumed negotiations.
The first effort in the House to craft a new deal was announced earlier Tuesday, after which Senate Minority Leader Mitch McConnell, R-Ky., called a temporary halt in negotiations with Senate Democrats pending the outcome of the House effort.
Later in the day, Fitch Ratings issued a statement noting a possible downgrade of the United States' credit rating. By the dinner hour, reports said the House Rules Committee had already postponed one scheduled meeting on how to proceed on the new plan.
Soon after that, reports said there would be no vote and that the Senate negotiations were resumed.
CU aid to members continues
With hundreds of thousands of government workers still on furlough due to the shutdown, credit unions are continuing their efforts to provide special aid to affected members.
New Mexico Educators FCU is running television and print ads detailing special services for members affected by furloughs. These include assistance loans that are intended to replace two bi-weekly or four weekly net paychecks up to $6,000 at 0 percent interest for one year. Members have up to 120 days to make their first payment.
“We've gotten a couple of dozen folks who have actually taken out the loan so far,” Anneliese Elrod, the credit union’s senior vice president of strategic marketing and development, said in a local television report.
Credit unions across the country are working to offer similar help to furloughed federal employees; dozens of these credit unions have had their programs listed on NAFCU’s shutdown assistance page.
To add your credit union to the list, send an email to Quincy Enoch, NAFCU’s associate director of legislative affairs and military liaison, to firstname.lastname@example.org.