Secretary Mnuchin Declines House Panel Invitation to Testify on Shutdown Impact

Treasury Secretary Steven Mnuchin has declined an invite from House Ways and Means Committee Chair Richard Neal (D-MA) to participate in a hearing next Thursday to discuss the impact of the partial government shutdown, which is now the longest in U.S. History.

In a press release Thursday, the House Ways and Means Committee cited a recent announcement from the Internal Revenue Service (IRS) that tax filing season will begin on January 28 and more than 45,000 furloughed employees will be asked to return to work without pay to process filings, if the government has not re-opened.

Earlier this week, the Democratic-controlled House passed a short-term funding bill to reopen the affected departments through February 1. The House is also considering another Continuing Resolution (CR) that would fund the departments through February.

Democratic leaders say this strategy is to allow the government to reopen while negotiations on issues such as border security and immigration continue. The Republican-controlled Senate, however, has said it will not take up any legislation that does not have the support of the president. President Trump continues to press for 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.

CUNA remains active on Capitol Hill meeting with lawmakers 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 solution.