Prolonged debt ceiling crisis could hit your wallet with tax refund delays, Social Security lapses, more

WASHINGTON – The United States government hit its debt ceiling Thursday. What could an impasse on wrangling over raising it mean for your wallet?

But saber rattling by Republicans that they will demand spending cuts to go with an increase in the cap have raised concern it could push the U.S. government into default, affect its credit rating and harm economic markets around the world. . Funding for various government functions could also be hit. National defense, for example, could see an impact if salaries of active-duty military personnel are frozen.Yellen, in her letter to Congress, suggested that issuance of tax refunds could be delayed if the debt ceiling isn’t raised.

Then tell your socialist buddies that the fucking trillions of debt they passed should have been stopped…

That's a lot of MAGAs not getting their money

Vote better ohio. The gop does not care about americans. They care about power and controlling your lives.

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Source: CNBC - 🏆 12. / 72 Read more »