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Washington
King Urges Budget Compromise, Lauds CUs
WASHINGTON (2/28/13)--Rep. Peter King (R-N.Y.) says lawmakers on Capitol Hill need to begin resolving the budget impasse that has paralyzed Congress.

Click to view larger imageRep. Peter King (R-N.Y.) praises credit unions for the role they took in easing the pressures caused by "the crash of 2008." (CUNA photo)


"It's time for politicians to stop blaming each other," he said during a speech before the Credit Union National Association's Governmental Affairs Conference Wednesday. "Nobody is going to get what they want. In a democracy you sit down and bring people together."

The observation sparked applause during the general session.

King said any solution must include accommodating spiraling costs of Social Security and other such programs. He said all parties must put the impasse behind them so the government and Congress can go forward.

He told the audience that credit unions will have an important contribution to make in in this effort.

King praised credit unions' role in easing the pressures caused by "the crash of 2008." He also lauded the "strong response" by credit unions during the recent Hurricane Sandy disaster. The storm hit parts of New York with devastating results.

In addition to serving on House Committee on Financial Services, King is a member of the Homeland Security's subcommittee on counterterrorism and intelligence. He expressed concerns during his GAC talk about increasing evidence of cybersecurity attacks.

"We have to get busy with this crisis so that U.S. business can operate without worrying about such threats," he told the session.


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