WASHINGTON– The CEO of America’s Credit Unions is as much an expert as anyone in Washington on the federal budget process, but he doesn’t want to hazard a guess as to what might happen in the weeks ahead with the government set to run out of money on Sept. 30.
Jim Nussle, the former Iowa congressman who also served as director of the Office of Management and Budget, said during a media call in response to a CU Daily question that what’s ahead on Capitol Hill will be “challenging.”
While many forecast Democrats will not bend on health care demands Republicans oppose, leading to a shutdown, Nussle reminded that Congress faced a similar budget impasse in March before reaching a deal.
“We’re obviously paying very close attention to the puts and takes that might occur,” Nussle said.
Attention to the NDAA
Specifically, he said America’s Credit Unions is paying attention to the NDAA, which has passed the House and is before the Senate. Such “must-pass” legislation often carries amendments and could be a vehicle for the CU-opposed Credit Card Competition Act.
Nussle said the trade group will be wary of any “mischief that might be afoot for credit unions” in the NDAA.
