Commerce Secretary Wilbur Ross: Federal Workers Should Be Able To Rely On Credit Or Loans Until They Get Paid


Commerce Secretary Wilbur Ross joins CNBC's "Squawk Box" to discuss the impact of the government shutdown on government workers. On Wednesday, Sen. Tim Kaine called out bread lines for government workers in the nation's capital, while others have sought help from homeless shelters and food banks.

“Well I know they are, and I don't understand why,” Ross said when asked about reports of some federal workers relying on charity.

“Banks and credit unions should be making credit available to them,” Ross said. “Now true, the people might have to pay a little bit of interest, but the idea that it's paycheck or zero is not a really valid idea.”

“I think that is a great deal of hyperbole,” Ross said. “We’ve had shutdowns, albeit for not such a long period as we've been thus far, but put in the perspective: You're talking about 800,000 workers. And while I feel sorry for the individuals that have hardship cases, 800,000 workers if they never got their pay — which is not the case, they will eventually get it — but if they never got it, you're talking about a third of a percent on our GDP.”

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