Debt ceiling negotiations threaten Social Security and senior citizens.

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Source: New York Daily News
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.

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