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As they miss paychecks, furloughed federal workers are taking out bank loans to help pay the bills
Federal workers are turning to low-cost loans to help tide them over financially as the U.S. government shutdown drags on.
USAA has issued more than 90,000 no-interest loans to federal employees affected by the government shutdown, totaling about $328 million. Bank of America is offering credit deferrals and auto loans.
About 1.4 million employees missed their first full paychecks on Oct. 24 after receiving only partial pay on Oct. 10.
KEY TAKEAWAYS The "One Big, Beautiful Bill" lowers the amount of federal student loans many families will be able to take out for their undergraduate students starting in the next academic ...
Mississippi has 26,600 federal civilian employees, with 10,200 in Harrison, Hancock, Jackson and Stone counties, according to the Bureau of Labor Statistics. Keesler Federal Credit Union has even ...
The Federal Reserve doesn't directly set personal loan rates. But its monetary policies are designed to have a widespread effect on the U.S. economy. When the central bank makes a policy ...
Since President Donald Trump took office in January 2025, sweeping changes have been made to federal student debt relief programs.
Funding will be distributed to support the development of nearly 50 affordable housing projects across the Southeast ...
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