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Capitol Report

Victor Reklaitis

Nevertheless the partial shutdown is mainly viewed as weighing on U.S. companies — particularly the aviation industry

The Capitol building is observed in Washington, D.C., throughout the ongoing federal government shutdown.

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Although the partial federal government shutdown is mainly bad news for U.S. businesses, payday loan providers look set for a good start.

“We’re now dealing with the stage where federal workers are likely to need some type of short-term loan in many cases,” said budget that is federal Stan Collender.

In instances where these workers can’t seek out family members or buddies, organizations that offer payday advances “are likely to gain a tiny bit, because there’s likely to be a ask for funds,” said Collender, recognized for their Budget man weblog.

About 800,000 employees that are federal furloughed or working without wages due to the shutdown, now with its 21th time. They have been passing up on paychecks when it comes to time that is first Friday, which otherwise generally speaking will have been payday.

Some credit unions that serve government employees are offering loans to affected workers during the shutdown, and they’re not necessarily charging the high interest that’s usually associated with cash advances beyond conventional payday lenders. (Pokračování textu…)