Tag: debt ceiling
![Illustration of the 2021 federal stimulus check from the IRS with cash and social security card](https://crr.bc.edu/wp-content/uploads/2023/05/Check-from-U.S.-Treasury-with-cash-and-social-security-card-1-1536x1025.jpg)
It does indeed for about 13 million retirees for whom Social Security is a lifeline. With the prospect that Congress may fail to raise the debt ceiling and the possibility that Social Security benefits may not be paid on a timely basis, one obvious question is whether it matters if people get their check a…
![Treasury Department building in Washington, DC](https://crr.bc.edu/wp-content/uploads/2021/10/Treasury-Department-building-in-Washington-DC.jpeg)
But my bet is that, even in the worst case, Congress would find a workaround! The recent congressional action to raise the debt ceiling is a welcome reprieve, but the issue is expected to reemerge in early December. During the recent debate, Treasury Secretary Janet Yellen highlighted some of the potential consequences of a failur…