Given that the United States has never defaulted on its debt before, we’d be in uncharted waters.
As the White House and House Republicans continue to spar over a debt ceiling deal, millions of Americans are growing increasingly concerned about what could happen if the debt ceiling is, in fact, breached. With only days to go, significant economic damage is possible on a large scale. But for some individuals, concerns about whether things like Social Security payments could be threatened are top of mind.
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