Treasury Secretary Warns U.S. Military Pay at Risk by November 15

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Treasury Secretary Warns U.S. Military Pay at Risk by November 15

Treasury Secretary Scott Bessent issued a stark warning regarding U.S. military pay during a recent interview. He stated that if the government shutdown continues, military personnel may face paycheck delays by November 15. This announcement contradicts earlier assurances from the Trump administration about uninterrupted military pay during funding lapses.

Potential Pay Delays for Service Members

Bessent emphasized the gravity of the situation on “Face the Nation,” highlighting the potential impact on troops who risk their lives for the country. He mentioned a temporary measure authorized by President Trump, which involved using approximately $8 billion in unspent funds from the previous fiscal year to ensure that military paychecks were processed. However, this solution may only provide a short-term respite.

Ongoing Stalemate in Congress

The ongoing deadlock between Democrats and Republicans concerning government funding has persisted for weeks. Democrats are insisting on the extension of health insurance tax credits as a prerequisite for resolving the funding impasse. Meanwhile, Republicans are willing to engage on healthcare issues, but only after the government reopens.

  • November 15: Deadline for potential military pay delays.
  • $8 billion: Amount identified for temporary military pay coverage.
  • Negotiations: Ongoing stalemate in Congress affecting funding solutions.

Bessent attributed the shutdown’s continuation to Democratic leaders whom he accused of prioritizing political interests over American citizens’ needs. He stressed that the shutdown is beginning to affect the economy, urging moderate Democrats to break ranks and support measures to reopen the government.

Calls for Bipartisanship

House Minority Leader Hakeem Jeffries echoed Bessent’s sentiments, stressing the urgent need to resolve the shutdown. He called for Republicans to engage in meaningful negotiations to achieve a bipartisan spending agreement.

In summary, as the government shutdown persists, military personnel face uncertain pay in the coming weeks. The situation continues to evolve, with both parties urged to find common ground to avoid further disruptions.