What You Need to Know About the Government Shutdown
The federal government shut down on October 1 after Congress was unable to reach a funding agreement. While leaders in Washington continue negotiations, many government operations are paused.
What the Shutdown Means
- Social Security payments and other essential services will continue.
- Many federal agencies have stopped nonessential operations.
- Federal employees, including members of the military, will not receive paychecks until the shutdown ends. Back pay is usually provided once funding is restored, but the timing is uncertain.
How Broadway Bank Is Responding
At Broadway Bank, we know that financial uncertainty can feel stressful, especially if you or someone in your household is impacted by the government shutdown. Here’s how we’re approaching the situation:
- Community First: As a bank that’s fiercely local and uniquely personal, we care about how these events affect our friends, families, and neighbors.
- Staying Informed: Our team of Broadway Bankers is closely monitoring developments in Washington and will share updates that matter most to our customers.
- Support if You Need It: If you are facing financial challenges or are worried about the impact of a funding lapse, please reach out to your banker. We will work with you on a case-by-case basis to find solutions and provide support that fits your situation.
We’re Committed to You
We remain committed to helping each customer navigate challenges as they come.