"All eyes will continue to be on Washington this morning where the politico continue to prove S&P’s point in their downgrade of U.S. debt when they said that the political system was dysfunctional. The payroll tax cut extension is in jeopardy and after spending several hours reading on the current maneuvering, we don’t even know that we can properly explain what is happening today. What we know is that; The Market Today :
WASHINGTON—America’s Credit Unions President and CEO Scott Simpson told attendees at the 2026 Governmental Affairs Conference that what’s truly at stake in Washington isn’t just policy — it’s the “transformational experiences” credit unions create in people’s lives every day. Scott Simpson addresses the meeting. Credit unions exist—Simpson reminded the record crowd as he delivered his first GAC address as ACU’s leader—because Congress chose nearly a century ago to expand access to financial services for Americans who were being left behind. The Federal Credit Union Act wasn’t about creating another financial institution model — it was about ensuring middle America could be served. That mission remains intact, but Simpson warned it cannot be taken for granted. For years, Simpson said he has asked credit union leaders a simple question: Why do credit unions exist? The typical answer — that they are not-for-profit financial cooperatives — is true, but incomplete. Credit unions and their t...
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