Debt ceiling negotiations threaten Social Security and senior citizens.
TL;DR Summary
Senate Majority Leader Chuck Schumer warned that Social Security payments may stop if Congress doesn't raise the national debt ceiling, with Republicans insisting on including big spending cuts in any deal. Last month, the Republican-controlled House of Representatives passed legislation to raise the debt ceiling and freeze spending at 2022 levels for a decade. President Biden is set to host congressional leaders at the White House on Monday in hopes of ending the stalemate. Treasury Secretary Janet Yellen said Sunday that Washington is on track to "run out of cash" in early June.
- Social Security payments could end if Congress doesn't raise debt ceiling: Schumer New York Daily News
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- Sen. Schumer: Failure to pass clean debt ceiling would endanger senior citizens 13WHAM-TV
- President Biden to meet with Republican leaders over debt ceiling TODAY
- Senate Republican: It’s ‘stunning’ Biden hasn’t been willing to negotiate on debt ceiling Yahoo News
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