Commerce Secretary to Unpaid Federal Workers: Let Them Get Loans
- ‘I don’t really quite understand why’ they’re seeking charity
- Bank credit is effectively government-guaranteed, he says
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U.S. Commerce Secretary Wilbur Ross expressed bewilderment over unpaid federal workers who are seeking charity to feed themselves, saying they should be able to borrow money during the government shutdown.
“I don’t really quite understand why,” Ross told CNBC in an interview on Thursday in response to reports that some federal workers are going to homeless shelters to get food. “Borrowing from a bank or a credit union are in effect federally guaranteed. So the 30 days of pay that some people will be out, there’s no real reason why they shouldn’t be able to get a loan,” he said.