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Debt ceiling crisis could leave millions in lurch
If Congress fails to raise the borrowing cap, Treasury would likely run about a third short of the money it needs to pay everything between this coming Friday and November 15. In total, that’s more than $100 billion. One of the biggest-ticket items is Social Security. Nearly 58 million Americans receive Social Security. There are several large Social Security payments coming up — including $12 billion on October 23 and $25 billion on November 1, according to an analysis by the Bipartisan Policy Center...Read More
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