Browsing: debt ceiling

Debt ceiling doomsday may come as early as Feb. 15


Now that the tax portion of the fiscal cliff mess has been resolved — for now, at least — the next major dispute will likely be over raising the debt ceiling. Treasury Secretary Tim Geithner said last month that although the federal government reached its debt limit Dec. 31, he could finagle another two months or so by taking so-called “extraordinary measures.” That implied the government could keep running as-is until the end of February. It turns out those measures may not be all that extraordinary. The Bipartisan Policy Center, a think tank that studies budgetary matters, just put out…

Social Security payments will go out on time


Social Security payments scheduled for Wednesday will be disbursed on time, Social Security Administration Commissioner Michael Astrue announced Tuesday. Up until late last week, it wasn’t clear if lawmakers would strike a deal to increase the debt limit, causing concern for recipients of Social Security and VA benefits who probably would not have received payments. Payments set for Aug. 10, 17th and 24th will also go out on time.   “I am happy to announce there will be no delay in the payment of August Social Security benefits,” said Astrue, “which should be a relief to those people who were concerned about their…