US Trade Chief to Federal Workers: Getting a Loan



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WASHINGTON, Jan. 24 (Reuters) – Workers affected by the government shutdown should seek a loan to pay their bills and financial institutions should give credit, said US Secretary of Commerce Wilbur Ross, while employees were about to miss their second salary.

In an interview with CNBC, Ross stated that it was "disappointing" that some federal workers did not show up for work and that "there was really no excuse" for that affected workers do not have money.

"banks and credit unions should offer them credit," said Ross, a billionaire investor. He pointed out that the government has committed to pay federal employees salary arrears, adding "there is really no good excuse for triggering a liquidity crisis."

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The Mandate of Wilbur Ross as Secretary of Commerce [19659007] See Gallery

On October 25, 2017, Secretary of Commerce Wilbur Ross will address the Economic Club of New York, United States. REUTERS / Brendan McDermid

Secretary of Commerce Wilbur Ross stands beside US President Donald Trump, who speaks at the White House awards ceremony at the White House in Washington, DC United, October 24, 2017. REUTERS / Kevin Lamarque

Secretary of Commerce Wilbur Ross and US Secretary of Defense James Mattis listen to US President Donald Trump at his office White House in Washington, United States, October 16, 2017. REUTERS / Kevin Lamarque

US US Secretary of Commerce, Wilbur Ross, will speak alongside the US ambassador in China, Terry Branstad, at a bilateral meeting with Chinese Vice Premier Wang Yang at the Zhongnanhai Leadership Compound in Beijing, China, September 25, 2017. REUTERS / Andy Wong / Pool

US Trade Secretary Wilbur Ross shakes hands with Chinese Vice Premier Wang Yang before a bilateral meeting at the Zhongnanhai Power Authority in Beijing, China on September 25, 2017. REUTERS / Andy Wong / Pool

US. Trade Secretary Wilbur Ross (3rd R) and Vice President Mike Pence (2nd R) join US President Donald Trump (not shown) for an event on emerging technologies in the East Room of the White House. Washington (United States), June 22, 2017 REUTERS / Jonathan Ernst

US Secretary of Commerce Wilbur Ross testifies before a House Supply Subcommittee on the recently released 2018 budget on Capitol Hill Washington, DC, United States, May 25, 2017. REUTERS / Aaron P. Bernstein

. Secretary of Commerce Wilbur Ross speaks with Press Secretary Sean Spicer about the new Canadian White House tariffs in Washington, DC on the 25th. April 2017.REUTERS / Yuri Gripas

. Japan's Minister of Commerce and Industry, Hiroshige Seko, welcomed the Secretary of State for Trade during their meeting in Tokyo, Japan, on April 18, 2017. REUTERS / Issei Kato

US. On February 28, 2017, Vice President Mike Pence (right) swears Wilbur Ross as Secretary of Commerce under the watch of his wife Hilary in Washington, DC. REUTERS / Joshua Roberts PICTURES OF THE DAY TPX

Wilbur Ross Speaks in the US Vice President Mike Pence observes, after being sworn in as Secretary of Commerce in Washington, DC, United States on February 28, 2017. REUTERS / Joshua Roberts

The billionaire investor Wilbur Ross, chairman of the subsidiary of Invesco Ltd., WL Ross & Co, leaves Trump Tower after a meeting with US President-elect Donald Trump in New York (United States) on 29 November 2016. Photo taken on November 29, 2016. REUTERS / Lucas Jackson




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"True, the people You may need to pay a little bit of interest. salary is zero is not a really good idea, "said Ross. "They will end up being paid."

Last week, Trump enacted legislation to ensure that the approximately 800,000 affected federal employees receive wage arrears, but the law does not apply to private workers for federal contractors or other persons whose livelihoods are highly dependent on the affairs of federal workers.

(Reportage of Susan Heavey, edited by Chizu Nomiyama and Andrea Ricci)

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