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Banks Step In to Aid Federal Employees Amid Prolonged Government Shutdown

Banks Step In to Aid Federal Employees Amid Prolonged Government Shutdown

Author:

Global Cryptocurrency

Published:

2025-10-31 19:44:02

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BTCCSquare news:

The U.S. government shutdown has entered its 31st day, leaving approximately 1.4 million federal employees without paychecks. Financial institutions are stepping up to mitigate the crisis, offering fee waivers and low-interest loans to affected workers.

Citibank, Capital One, and Wells Fargo are among the banks urging impacted employees to contact them for assistance. Bank of America has also rolled out online support and dedicated phone lines for shutdown-related financial relief.

The political deadlock over healthcare funding shows no signs of resolution, with furloughed workers facing a potential second missed paycheck. This development threatens to exacerbate financial strain for households reliant on federal wages.

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