If Congress doesn’t act, the federal government will run out of cash by Oct. 17, according to estimates. If the ceiling isn’t raised on government borrowing, the ramifications are widespread, affecting millions of Americans.
The Wall Street Journal reported Thursday that if legislation isn’t enacted, the government probably won’t have enough money to pay the estimated $55 billion in Social Security, Medicare and military payments due Nov. 1.
You must login to view the full content on this page.
Or, use your linked account: