Treasury Warns U.S. Military Pay at Risk by Nov. 15 During Shutdown

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Treasury Warns U.S. Military Pay at Risk by Nov. 15 During Shutdown

The looming government shutdown may jeopardize the paychecks of U.S. military personnel by November 15, according to Treasury Secretary Scott Bessent. His warning comes despite earlier assurances from the Trump administration that military members would remain compensated during this budgetary impasse.

Impact of Government Shutdown on Military Pay

During an appearance on CBS’s “Face the Nation,” Bessent emphasized the potential ramifications of a prolonged shutdown. He stated, “If the government remains shut, our troops and service members, who are willing to risk their lives, won’t be able to get paid.” This statement raised significant concerns about the financial stability of military personnel.

Temporary Funding Solutions

Earlier this month, President Trump instructed the Pentagon to utilize unspent research and development funds. Approximately $8 billion from the prior fiscal year was earmarked to support the mid-November paychecks. However, officials made it clear that this was only a short-term solution.

Political Stalemate and Negotiations

The ongoing deadlock between Democrats and Republicans intensifies the situation. Democratic leaders are advocating for the extension of health insurance tax credits as a prerequisite for funding the government. Meanwhile, Republicans have expressed a willingness to discuss health care issues, but only after the government reopens.

  • Democrats demand a bipartisan spending agreement.
  • Republicans insist on reopening the government first.

Bessent criticized Congressional Democrats, suggesting they are more focused on political primaries rather than addressing the crisis affecting military pay. He described the situation as “an embarrassment” and urged moderate Democrats to support the House-passed measure to reopen the government.

Calls for Urgent Action

House Minority Leader Hakeem Jeffries echoed concerns about the urgent need to resolve the shutdown. He stated, “We need Republicans at the negotiating table to enact a bipartisan spending agreement.” Jeffries further stressed that Democrats require tangible proposals from Republicans rather than mere verbal commitments.

As the clock ticks towards November 15, the potential impact on military pay remains a pressing issue. Continuous political disputes complicate a resolution that could ensure service members are compensated timely.