"Uncertainty looms as Social Security advocates warn seniors to prepare for possible debt default in July"

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Source: NBC News
"Uncertainty looms as Social Security advocates warn seniors to prepare for possible debt default in July"
Photo: NBC News
TL;DR Summary

Social Security advocates warn beneficiaries to be prepared in case their payments are interrupted due to the increasing odds of a U.S. debt default. Negotiations around whether the nation's ability to borrow money should be expanded have been ongoing, but Congress and the White House have yet to reach an agreement on the path forward. Dan Adcock, director of government relations and policy for the National Committee to Preserve Social Security and Medicare, said there is a "good chance" that in the event of a default, millions of Americans' benefits would be disrupted. However, analysts suggest it isn't certain that the government will miss payments to Social Security recipients in the event of a default.

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