WASHINGON — Election year partisanship and controversy largely elbowed credit union topics off the agenda on the first day of NAFCU's 2012 Congressional Caucus. The annual event began Sept. 12, right at the beginning of a short congressional session before legislators head home to campaign for the November elections.
Rep. James Clyburn (D-S.C.), assistant Democratic leader, kicked off the morning's legislative speakers , telling credit union executives that he believed that Congress would resolve lingering debt reduction and budget impasses in time to avoid a series of Jan. 1 tax increases and budget cuts that become known as the fiscal cliff or sequestration.
"I am convinced if I were taking a bet, we would not get sequestration," Clyburn said. "I think that all of us are well- educated enough to know that we cannot run the risk. Therefore, the lame duck session will be one where we do some short-term fixes for the problem."
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.