Government Shutdown Continues, Ways & Means to Look at Impact

The partial government shutdown has now lasted longer than a month and Congress and the President are still at odds over a solution.

Over the past two weeks, House Democrats have pushed piece-meal and short-term funding measures, a strategy they say is to reopen the government while allowing conversations on issues such as border security to continue. Those efforts are expected to continue this week.

The Republican-controlled Senate has said it will not take up any legislation that does not have the support of the President. President 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.

On Thursday, the House Ways and Means Committee has scheduled a hearing to discuss the impact of the shutdown on taxes and the IRS. Treasury Secretary Steven Mnuchin has declined an invitation to testify.

CUNA remains engaged on Capitol Hill and will continue to advocate for credit union funding 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.