Another Fed Shutdown? Trade Groups Watching Tonight’s SOTU For Indicators

WASHINGTON–Both credit union trade associations will be paying close attention to President Trump’s State of the Union address—as will most Americans—for

State of the Union

signals of whether there will be another government shutdown in less than two weeks.

“We do not want another shutdown and hopefully that will be avoided,” said Carrie Hunt, EVP and general counsel with CUNA.

The current budget deal in Congress funds the federal government through Feb. 15. Negotiations have been taking place in Congress on a deal that would fund the government through Sept. 13.

“While we’re not exactly sure what President Trump will call for, we have been working hard for the past several months to familiarize the administration with our 2019 priorities,” said Eli Joseph, deputy chief advocacy officer for congressional relations with CUNA.

CUNA’s efforts have centered on the need for a national data security standard, as well as legislative solutions for the secondary market that ensure credit unions have equal access, he said.

Separately, CUNA has also been collecting examples of how credit unions supported members and communities during the most recent shutdown, which it said it intends to share with Congress and the Administration. compiled a list of more than 100 credit unions that provided assistance to furloughed federal employees here



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Copyright Year: 2019
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