Social Security, Medicare and stocks: How a debt-ceiling crisis could affect you ...Middle East

If the White House and House Republicans fail to raise the debt ceiling and the U.S. defaults on its national debt for the first time ever, the economic consequences for Americans will be wide-ranging and long-lasting. Social Security checks could be held up, government salaries and contracts could be frozen, Medicare reimbursements to doctors and hospitals could be paused, markets for stocks and bonds will almost certainly take a dive, and financing levels for basic private purchases could skyrocket. The good news is that aside from the gun to the temple of the U.S. economy, its underlying health is in pretty good shape. Employment levels have refused to budge from near record hig

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Last updated : 27 May 2023 clock 01:04 PM

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Social Security, Medicare and stocks: How a debt-ceiling crisis could affect you ...Middle East

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