Federal employees may be back on the payroll as early as today, at least temporarily.
But if Congress and President Clinton reach another impasse over a balanced budget, a Spokane-based bank said it will offer no-cost loans to federal workers.
Washington Trust Bank announced Friday it would loan federal workers in Washington and North Idaho as much as a month’s net pay if they are either furloughed or receiving smaller paychecks. The loans would be interest-free, with no fees for processing.
Walker Collins, the bank’s executive vice president and chief financial officer, said the program will remain in place through Sept. 1 or until the budget dispute is settled.
“We are making no judgments concerning the politics involved in the budget impasse, recognizing that both parties have legitimate points to make in a messy but probably necessary public debate,” Collins said.
Federal workers in both states can receive information about the program by calling (509) 353-2265, or 1-800-788-4578. The lines will be open 24 hours a day.
, DataTimes MEMO: Cut in the Spokane edition.