Senate moving forward on stopgap bill
Sept. 26, 2013 – After a 21-hour speech by Sen. Ted Cruz, R-Texas, opposing the Affordable Care Act (“Obamacare”), the Senate voted unanimously Wednesday to end debate and look at a House-passed spending bill that would keep the federal government operating through mid-December and, in turn, avoid a shutdown.
The bill contains language taking funding away from the Affordable Care Act. According to Washington Post, Cruz’s lengthy speech left Senate Republicans with less time to counter the legislation after it is revised by Democrats.
With no federal funding agreement set yet and the fiscal year ending Sept. 30, lawmakers must pass a continuing resolution to keep federal government operations running uninterrupted – otherwise a government shutdown will begin on Oct. 1.
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.
Washington Post article