Posted on May 22, 2023
These are some of the people who'll be impacted if the U.S. defaults on its debts
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https://www.npr.org/2023/05/22/ [login to see] /debt-ceiling-limit-default-veterans-social-security-government-benefits
Veterans, seniors and government employees: These are just some of the people who stand to be impacted if Congress fails to raise the debt ceiling.
Treasury Secretary Janet Yellen warns that without additional borrowing authority, the U.S. could run short of cash to pay its bills as early as June 1.
Veterans, seniors and government employees: These are just some of the people who stand to be impacted if Congress fails to raise the debt ceiling.
Treasury Secretary Janet Yellen warns that without additional borrowing authority, the U.S. could run short of cash to pay its bills as early as June 1.
These are some of the people who'll be impacted if the U.S. defaults on its debts
Posted from npr.orgPosted in these groups: 
Economics
Economics
Posted >1 y ago
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All tax-payers will be affected one way or another, it's just a matter of now or later
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The debt limit has been raised 78 times since 1960. 49 times by republican presidents and 29 times by democrat presidents. During the trump admin, republicans voted to raise the debt limit 3 times with no preconditions. https://www.npr.org/2023/04/29/ [login to see] /congress-has-revised-the-debt-ceiling-78-times-since-1960-a-financial-historian-
Congress has revised the debt ceiling 78 times since 1960. An expert explains why
NPR's Scott Simon speaks with author and Johns Hopkins University financial history professor, Kathleen Day, on the history of the debt ceiling.
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