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Government officials are sounding warnings that Social Security payments could be halted if Congress and the White House don't come up with a bill to raise the debt ceiling before the government ...
Worries are mounting that Social Security recipients could see their payments halted if U.S. lawmakers don't come up with a debt-ceiling compromise in time to avoid a government default. Payments...
Social Security payments are made monthly and distributed according to one’s birthday. Next month’s payments are due June 3, 14, 21 and 28. In March, retirees received an average of $1,784 a ...
WASHINGTON (AP) — The House has passed legislation that would provide full Social Security benefits to millions of people, pushing it one step closer to becoming law.. The Social Security bill on Tuesday won bipartisan support in the House, 327-75, in what is now the lame-duck period for Congress.
The U.S. reached its debt ceiling on Jan. 19 the Treasury Department announced on Thursday, Jan. 19. Treasury Secretary Janet Yellen says extraordinary measures have begun to mitigate financial...
A lot depends on how government officials address a law dating to the 1990s designed to protect Social Security benefits even when the government delays raising the debt limit. The law is known as ...
The United States debt ceiling is a legislative limit that determines how much debt the Treasury Department may incur. [23] It was introduced in 1917, when Congress voted to give Treasury the right to issue bonds for financing America participating in World War I, [24] rather than issuing them for individual projects, as had been the case in the past.
Treasury Secretary Janet Yellen has been warning Congress for months about the potential impact of not raising the debt limit, with one of the inherent consequences being delayed Social Security...