Tag: debt ceiling
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 few days, a week, or a couple of weeks late. From my reading of t…
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…
