Congress back next week; Obama warns against shutdown
With one week to go before the end of the congressional recess, President Barack Obama warned lawmakers via Twitter to not “kill” the “growing economy” through another government shutdown or austerity measures.
Obama’s warning came after reports that the U.S. gross domestic product grew by 3.7 percent during the second quarter, exceeding expectations.
During the last week of recess, NAFCU continues to urge credit unions across the country to contact their U.S. senators and representatives in person to advocate for regulatory relief, a national data security standard for retailers and other top industry needs.
Among the measures Congress is expected to take up soon after recess is S. 754, the “Cybersecurity Information Sharing Act,” a NAFCU-supported measure that would promote quicker, more efficient sharing of cyber-threat information between business and government. The Senate has unanimous consent to proceed, but further action won’t occur until at least September due to the August recess.continue reading »