The ongoing negotiations between McHarty and Biden regarding the June debt ceiling have sparked concerns about the potential ramifications, particularly for disadvantaged individuals and the elderly. Experts warn that if a debt default occurs, it could jeopardize the timely delivery of Social Security checks, with the most vulnerable recipients being at the highest risk.
Kathleen Roming, Director of Social Security and disability policy at the Center on Budget and Policy Priorities, highlights the potential consequences of a debt default. She emphasizes that the first individuals to face the impact would be the poorest and oldest recipients of Social Security payments.
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