Newsroom
Neal, Mnuchin spar over House panel testimony on shutdown, taxes
Treasury Secretary Steven Mnuchin has declined an invite from House Ways and Means Committee Chair Richard Neal, D-Mass., to participate in a hearing next week to discuss the impact of the partial government shutdown. The shutdown is approaching a month and is the longest funding gap in U.S. history.
In a release, the House Ways and Means Committee cited a recent announcement from the Internal Revenue Service (IRS) that tax filing season will begin on Jan. 28 and more than 45,000 furloughed employees will be asked to return to work without pay to process filings, if the shutdown is still happening.
After Mnuchin initially declined, Neal last night urged him to reconsider testifying at the hearing on the issue, which is scheduled for 10:30 a.m. Eastern Thursday.
NAFCU remains engaged on Capitol Hill as lawmakers continue funding discussions. Earlier this week, the Democratic-controlled House passed a short-term funding bill to reopen the affected departments through Feb. 1. The House is also considering another continuing resolution that would fund the departments through Feb. 28
Democratic leaders say this strategy is to allow the government to reopen in the short term while negotiations on issues such as border security and immigration can continue. However, the Republican-controlled Senate has said it will not take up any legislation that does not have the support of the president. President Donald Trump continues to press for full funding to construct a wall along the U.S.-Mexico border.
The president did sign legislation that would give federal workers back pay once the shutdown ends.
NAFCU will work to ensure credit union priorities – such as full funding for the NCUA's Community Development Revolving Loan Fund (CDRLF), Treasury's Community Development Financial Institutions (CDFI) Fund and the Small Business Administration's (SBA) 7(a) and 504 loan programs – are included in any funding solution.
Share This
Related Resources
Add to Calendar 2024-04-23 14:00:00 2024-04-23 14:00:00 Monitoring the Latest Litigation Risks Credit unions’ operations pose litigation risks, with more of these cases being filed as class action lawsuits. In this Monitoring the Latest Litigation Risks for Credit Unions webinar, you’ll review some of the specific kinds of lawsuits impacting credit unions and what potential claims could be on the horizon. You’ll also examine some options for mitigating risks. Key Takeaways Review the current lawsuit trends. Understand the potential claims risks Explore options for mitigating risks. Register Now $295 Members | $395 Nonmembers(Additional $50 for USB)One registration gives your entire team access to the live webinar and on-demand recording until April 23, 2025Go to the Online Training Center to access the webinar after purchase » Who Should Attend NCCOs NCRMs Compliance and risk titles Education Credits NCRMs will recieve 1.0 CEUs for participating in this webinar NCCOs will recieve 1.0 CEUs for participating in this webinar Web NAFCU digital@nafcu.org America/New_York public
Monitoring the Latest Litigation Risks
Credits: NCCO, NCRM
Webinar
Resiliency In Your Incident Response Plan
Cybersecurity
preferred partner
DefenseStorm
Blog Post
The Bottom Line on Insurance Tracking and Collateral Protection
Strategy
preferred partner
Allied Solutions
Blog Post
Add to Calendar 2024-04-15 09:00:00 2024-04-15 09:00:00 Mergers and Acquisitions: Unifying Two Different Executive Total Compensation and Benefits Programs Listen On: Key Takeaways: [03:50] With the merger of a smaller credit union into a larger one you are really only dealing with integrating staff into the larger credit union. [05:53] When working with a merger of equals we start with a deep dive into the executive compensation and benefits of each organization. [09:09] If your current executive benefits provider doesn’t conduct regular plan evaluations, consider having a plan audit anyway. [13:46] Don’t overpay for these things if you don’t have to. When you have more options available that means the cost is more appropriate. [17:11] It is in a unified organization’s best interest to do tier timelines where we look at your top executives who are critical to the unified organization’s success today and then slowly add in the next levels. Web NAFCU digital@nafcu.org America/New_York public
Mergers and Acquisitions: Unifying Two Different Executive Total Compensation and Benefits Programs
preferred partner
Gallagher
Podcast
Get daily updates.
Subscribe to NAFCU today.