Concerns rise over potential halt in Social Security payments for recipients if debt-ceiling compromise is not reached, warns Treasury Secretary. Experts predict payments could cease in July, leaving approximately 67 million Americans in uncertainty. Despite ongoing negotiations, no agreement has been reached yet. Former Social Security claims specialist highlights the risk of Treasury Department shutdown without a debt-ceiling raise, jeopardizing July payments. Preventing this outcome remains a priority for lawmakers, but uncertainties persist during a potential default.
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Experts Warn: Social Security Payments at Risk in July without Debt Ceiling Resolution
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Concerns rise over potential halt in Social Security payments for recipients if debt-ceiling compromise is not reached, warns Treasury Secretary.
Author
Susan Jane
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Go Banking Rates
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