Treasury Secretary Janet Warned that if the United States defaults on its obligations amid a congressional impasse over raising the debt ceiling, Social Security payments could be interrupted.
“Treasury finds itself in the position where we’re unable to pay all of the bills that come due that day. And this would be really the first time in the history of America that we would fail to make payments that are due,” Yellen told ABC News earlier in the week. “And, you know, whether it’s defaulting on interest payments that are due on the debt or payments due for Social Security recipients or to Medicare providers, we would simply not have enough cash to meet all of our obligations.”…