Social Security & Debt Ceiling: Implications for the U.S.

With the approaching “X date,” the U.S. faces a critical fiscal limit where bills may go unpaid unless the debt ceiling is raised. This directly impacts 66 million Social Security recipients, potentially causing delayed payments and financial hardships. The uncertain political landscape surrounding the debt ceiling complicates predictions, as conflicting laws further muddy the waters. Since the U.S. has never defaulted on its debt, the consequences remain unprecedented. Treasury Secretary Janet Yellen warns of a catastrophic economic impact. Learn more about the bitter partisan battle and its implications for Social Security.

Read more at CBS news