debt ceiling
Debt Ceiling Agreement Reached, But It’s Not Over Yet
President Joe Biden and House Speaker Kevin McCarthy have reached an agreement in their negotiations to resolve the debt crisis. That’s the good news. On the flip side, though, the road ahead to obtain approval in Congress appears to have…
Social Security and the Debt Crisis: Two Competing Viewpoints
Yesterday, President Joe Biden issued statements assuring Veterans and Social Security benefits recipients that there would be no interruption in the flow of payments. In fact, his definitive assertion on the fear that benefit payments to Vets and the elderly…
Default Effects: Oldest and Poorest Social Security Beneficiaries in the Crosshairs
As the negotiations grind relentlessly toward a June 1 deadline, anxiety is building in the senior community regarding just what will happen should the U.S. Treasury enter default status. Amid conflicting commentary on whether or not an agreement can be…
Social Security and the Debt Ceiling: Mixed Opinions on Potential Impact
The lack of movement on the rapidly approaching debt-ceiling crisis is causing a stir in the minds of many folks, especially those receiving Social Security benefits. And while several competing viewpoints have emerged, it appears that May 9 may mark an…
The Debt Ceiling: Implications That Go Beyond Social Security
As indicated in today’s Headline post, the potential for Social Security benefits to be impacted by a U.S. government default is an item of considerable discussion these days. And while that’s certainly a critical possibility, it’s chilling to consider the…
Peterson Foundation: Sidestepping Social Security & Medicare Reform “Not an Option”
New York City-based Peter G. Peterson Foundation recently issued a statement addressing views on the debt ceiling proposals emerging from House Republican leadership and the bipartisan Problem Solvers Caucus. While citing encourgagement that the proposals offer “… fiscal reforms that…
Social Security and the Debt Limit Fight
There’s been quite a bit of back-and-forth about the upcoming negotiations on the federal debt ceiling, and much of it had to do with whether or not Social Security (and Medicare, for that matter) were factors in the arguments. In…
No cuts to Social Security and Medicare
With all the political rhetoric in the news and social media that Republicans will cut Social Security and Medicare programs, a leading republican says, no, these programs are off the table with respect to budget cuts. James Comer, House Oversight…
The two extraordinary measures Treasury anticipates implementing
The Department of Treasury Secretary Janet Yellen notified Congress that the department would take its “statutory extraordinary measures” and suspend investments in some federal retirement programs. What retirement programs are these? And no, it is not Social Security. To find…
Will the debt ceiling affect your finances?
What is the debt ceiling? The debt ceiling is the maximum amount the federal government is able to borrow to finance obligations that lawmakers and presidents have already approved. What happens if the United States defaults on its debt? U.S…