Maryland Launches $700 No-Interest Loans For Essential Federal Workers Amid Shutdown
Maryland Launches $700 No-Interest Loans For Essential Federal Workers Amid Shutdown

Maryland Launches $700 No-Interest Loans For Essential Federal Workers Amid Shutdown

News summary

Maryland Governor Wes Moore has launched the Federal Shutdown Loan Program to aid federal employees designated as "excepted" who are working without pay during the ongoing government shutdown. The program offers a one-time, no-interest loan of $700 to help cover expenses such as rent and groceries, with repayment required 45 days after the shutdown ends to allow time for back pay. Applicants must be Maryland residents, provide proof of federal employment status, and demonstrate their "excepted" status. Applications are being accepted now but loans will only be issued if the shutdown continues past October 15, with payments starting October 16. The initiative aims to provide emergency financial relief to federal workers impacted by the shutdown, while Governor Moore urged federal leaders to resolve the impasse promptly. Additionally, furloughed federal employees and contractors may be eligible for unemployment benefits during the shutdown period.

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