Policy: Budgets & Deficits

GovExec.com: Loans to furloughed feds suspended

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The Federal Employee Education and Assistance Fund, which provides emergency no-interest loans, natural disaster grants and scholarships to needy federal workers, has stopped handing out new furlough loans to employees due to a “cash flow problem.” The nonprofit group has made more than 550 furlough-related loans since May 1, totaling more than $320,000. FEEA has provided more than $500,000 in total emergency loans to more than 800 feds since May.

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