If the US is not able to pay all its bills for the first time ever, senior citizens could quickly feel the pain.
Unless President Joe Biden and House Republicans hammer out a deal to address the debt ceiling soon, the Treasury Department may not have enough funds to fully satisfy all of the nation’s obligations as soon as June 1.
But if the debt ceiling impasse is not resolved, those benefits could be delayed, along with paychecks to federal workers and the military, payments to Medicare providers, and federal grants to states and municipalities for Medicaid, highways, education and more. MORE DEBT CEILING COVERAGE Business Debt ceiling talks teeter on the brink, as lawmakers leave town for weekend without a deal
“I am very, very concerned about what this will do to our financial industry, as well as to our benefits,” she said.
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