Deal Reached to Prevent US Default, Ensure Timely Social Security Benefits in June. President Biden and Speaker Kevin McCarthy’s agreement, passing through the House on May 31, suspends the debt limit until Jan 2025. The bill is expected to quickly pass the Senate and be signed by Biden. Social Security checks will be issued as scheduled in June, based on birth dates and benefit types. Most beneficiaries receive payments on the second, third, or fourth Wednesday of the month, but dates may differ for SSI recipients or pre-1997 filers.
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