More debate ahead on federal fiscal 2014 funding
Sept. 23, 2013 – The House on Friday passed a Republican-backed, short-term continuing resolution to fund federal government operations through Dec. 15, but it also includes a couple measures – defunding of “Obamacare” and continued sequestration – that are already meeting resistance.
The House passed this measure in a 230-189 vote, with two Democrats voting in support and one Republican voting against. The bill is expected to be quickly altered in the Democratic-majority Senate, which will likely remove the language defunding the Affordable Care Act.
With no federal funding agreement in sight and a new fiscal year less than two weeks away, lawmakers must pass a “continuing resolution” to keep federal government operations running uninterrupted.
Lack of a budget funding agreement or at least a continuing resolution threatens a federal government shutdown, and while this doesn’t directly affect most credit unions, it could affect credit union members who are military servicemembers or work for a federal agency or department.
NAFCU lobbyists are monitoring budget developments for their impact on credit unions with servicemembers or federal employees in their fields of membership. A continuing resolution would likely preserve many 2013 funding levels going into 2014. Currently, the government is running on a six-month funding resolution adopted in March.