CUNA President/CEO appeared on MSNBC with Hallie Jackson Wednesday morning to talk about the possibilities of a government shutdown. Nussle previously served in Congress, representing Iowa from 1991 to 2007 and director of the Office of Management and Budget from 2007 to 2009.

Federal government funding is currently scheduled to expire Friday.

“Right now everybody believes they have some leverage, that’s the reason this is all happening,” Nussle said. “They’re holding their vote because of taxes, holding their vote because of defense spending, holding their vote because of immigrations reform, holding their vote believing they can hold the government hostage and the function of the government hostage over their particular issue.”

Nussle also addressed potential priorities both sides of the aisle would like to see during negotiations, and said he believed if there is in fact a government shutdown, he expects it to be very brief. See the interview here.