Secretary of Commerce Wilbur Ross told CNBC’s “Squawk Box” that he didn’t understand why unpaid federal government employees are going to food banks during a government shutdown.
Ross, who is worth $2.9 billion, told the workers to get a bank loan, which will include interest payments:
Well, I know they are, and I don’t really quite understand why. Because, as I mentioned before, the obligations that they would undertake, say borrowing from a bank or a credit union, are, in effect, federally guaranteed. So the thirty days of pay that some people will be out, there’s really no reason why they shouldn’t be able to get a loan against it.
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