Finance

USDA call backs 2,500 furloughed workers to help farmers

Paper that says FSA offices are closed during shutdown
Farm Service Agency offices were to be closed during the shutdown. Photo: Scott Olson/Getty Images

U.S. Secretary of Agriculture Sonny Perdue announced Wednesday that the USDA has called back 2,500 furloughed workers to temporarily provide limited financial services for farmers and ranchers affected by the government shutdown.

The big picture: About half of all Farm Service Agency offices will be reopened Jan. 17, 18 and 22 to provide services for agricultural producers with existing farm loans, expiring financing statements and unprocessed payments made on or before Dec. 31. Perdue told Fox Business Monday that even though the agency is working to get staffers back on a temporary basis, he thinks "the shutdown needs to end" to curtail farmers' hardship.

Go deeper: All the ways Americans are feeling the effects of the shutdown:

Revenge of the savers

Illustration: Rebecca Zisser/Axios

A 12-month certificate of deposit at some U.S. banks now pays more than a 10-year U.S. Treasury note. Northeast Bank's ableBanking offers a rate of 2.90% on its 12-month CD. That's almost 25 basis points more than the 10-year U.S. Treasury yield late Friday.

Why it matters: Since the financial crisis, Americans looking to earn money by saving rather than investing have been out of luck as interest rates available at banks have hovered at close to zero. But those days are over. At least for now.

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