Latest News

What Experts Say on Debt Ceiling & Social Security

Lorie Konish of CNBC explains the current state of affairs when it comes to the debt ceiling. The House passed an increase in the debt ceiling this week coupled with discretionary spending cuts. It is unlikely to even get a vote in the Senate and would be vetoed by President Biden in any event. But with the Treasury Department already using “extraordinary measures” to pay its bills (the U.S. hits its debt ceiling in January), experts are weighing in on what a default could mean for Social Security. The doomsday date is expected in June, though it could be a bit later based on revenues. There could be a delay in Social Security checks, even with them being put at the top of the list. See full piece here.

Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or

What's Your Opinion?

We welcome your comments. Join the discussion and let your voice be heard. All fields are required

Website by Geiger Computers