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North Dakota to offer bridge loans to furloughed federal workers, backed by state bank, to ease financial strain during shutdown.
Governor Kelly Armstrong is set to unveil a plan offering bridge loans to furloughed federal workers in North Dakota, funded through local banks and backed by the Bank of North Dakota to reduce risk.
Workers would repay loans after returning to work and receiving back pay, with minimal financial burden on the state.
The initiative aims to prevent financial hardship during the government shutdown and highlights North Dakota’s ability to act effectively amid federal inaction, though uncertainties remain over repayment if workers don’t receive back pay or are laid off.
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Dakota del Norte ofrecerá préstamos puente a los trabajadores federales despedidos, respaldados por el banco estatal, para aliviar la tensión financiera durante el cierre.