Key Words: Waiting In Line For Food? Commerces Ross Says Unpaid Federal Workers Can Get Loans During Shutdown

By

Money & Politics reporter

When asked Thursday about reports of unpaid federal workers going to shelters for food during the ongoing partial government shutdown, Commerce Secretary Wilbur Ross said they can get loans.

“I know they are, and I don’t really quite understand why,” Ross said on CNBC, referring to the trips for food. He was discussing the economic damage of the shutdown, which has stretched into a 34th day. Ross added the following:

Some credit unions that serve government employees are offering zero- or low-interest loans to affected workers during the shutdown. These workers are set to get back-pay once agencies reopen.

The remarks from Ross quickly attracted flak, with one critic tweeting: “I probably wouldn’t have billionaire Wilbur Ross out there doing my shutdown messaging.”

The current partial shutdown has been sparked by a dispute between President Trump and Democratic lawmakers over money for his proposed wall at the southern border. Two competing bills that would reopen the government are expected to fail to get enough votes on Thursday afternoon in the Senate, but the voting is still viewed as a step toward a spending deal — or cracks in the ice.

Related: Jobless claims fall below 200,000 for first time since 1969, but tens of thousands of unpaid federal workers seek aid

RECENT NEWS

Gyrostat Capital Management: The Hidden Architecture Of Consequences

When Structures Themselves Become A Risk In portfolio construction, risk is rarely where we look for it.... Read more

Gyrostat November Outlook: The Rising Cost Of Doing Nothing

Through the second half of 2025, markets have delivered a curious mix of surface tranquillity and instabi... Read more

Gyrostat Capital Management: Blending Managers - From Style Diversification To Scenario Diversification

The Limits of Traditional Diversification For decades, portfolio construction has ... Read more

Gyrostat October Outlook: Beneath The Calm, The Cost Of Protection Rises

 Even as global equity indices remain near record highs, the pricing of risk is shifting quietly ben... Read more

Gyrostat Capital Management: Solving The Nastiest Problem In Finance

Retirement Income and Sequencing Risk Executive Summary ... Read more