Senate staffers to miss first paycheck as hundreds seek relief loans
The article reports that Senate staffers will miss their first paycheck due to the ongoing government shutdown, which is approaching its three-week mark. This shutdown results from a partisan dispute in Congress, primarily over Democratic demands to extend expiring Obamacare subsidies. As an inevitable result, more than 500 Senate Federal Credit Union members have applied for $5,000 shutdown relief loans, which are interest-free if repaid within 90 days.The credit union plans to introduce additional loan support if the shutdown continues. Senate staffers, paid twice monthly, will miss their October 5th paycheck, which covers work from October 1 to 15, while House staffers have not yet experienced missed paychecks due to their monthly pay schedule. The shutdown continues despite multiple attempts by House Republicans to pass short-term funding bills, which Senate Democrats have blocked over healthcare subsidy disagreements. once funding is approved, it will take three days for missed pay to be distributed to Senate employees.
Senate staffers to miss first paycheck as hundreds seek shutdown relief loans
Senate staffers, including those who work to keep the chamber running, will miss their first paycheck Monday as the government shutdown nears its three-week mark, and more congressional employees begin to seek temporary relief.
The grim milestone is but the latest consequence of the protracted partisan fight on Capitol Hill over Democratic demands to extend expiring Obamacare subsidies.
The pay lapse has driven more than 500 members of the Senate Federal Credit Union to apply for its $5,000 shutdown relief loan, a company spokesperson told the Washington Examiner. The first disbursements went out on Oct. 14, and a second round was slated for Monday. The loans are interest-free if repaid within 90 days.
The credit union will roll out a “Phase 2” in the likely event the shutdown drags on, in addition to offering extensions and possible modifications on its loan products.
Senate staffers are paid twice a month on the 5th and 20th. Monday’s missed paycheck covers work performed since the shutdown’s start on Oct. 1 through Oct. 15. House staffers have not missed any paychecks yet because they’re paid monthly.
DUG-IN LAWMAKERS SEE TRUMP AS ANTIDOTE TO SHUTDOWN GRIDLOCK
Once new funding is approved by Congress and the government is reopened, it will take three additional days for Senate staffers to receive missed pay.
Monday marked the 20th day of the shutdown. A House-passed “clean” short-term funding bill from Republicans has so far been rejected by Senate Democrats 10 times due to an impasse over the health insurance tax credits.
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