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Social security payments going paperless
Social security payments going paperless










social security payments going paperless

Some 40% of beneficiaries depend on the monthly checks for at least 90% of their income, and two-thirds of recipients depend on the infusions for at least half of their income, he said. RELATED: These government benefits would be at risk if Congress doesn’t raise the debt ceiling They are scheduled to receive $90 billion in payments in October. Social Security beneficiaries would be at risk for not receiving their payments for the first time since the program was created in 1935, said Max Richtman, CEO of the National Committee to Preserve Social Security and Medicare. ‘No one would be spared’: Debt default would set off dire consequences.US government will run out of money by October 18, Treasury secretary says.America’s biggest bank is prepping for potential US default.The Treasury Department could still pay some of its bills since it would still have tax revenue coming in, but it’s not known what it would decide to pay and when, experts said. Just what it would mean for Americans remains uncertain since Congress has always stepped in to raise, extend or revise the definition of the debt limit in the past. Although the House has twice passed measures to do so, the effort is expected to fail again in the Senate, where Republicans are united in their opposition to the bill. Unless Congress addresses the debt limit by October 18, the federal government will no longer be able to borrow to pay for its operations, forcing it to limit its spending. RELATED: Debt ceiling: What to know as Congress nears an October 18 deadline We have 30 million families who rely on the monthly child tax credits and they would not receive that relief, at least not on time.” “Our troops would not know when they would get their next paycheck.

social security payments going paperless

“Nearly 50 million seniors could stop receiving Social Security payments or receive them delayed,” Yellen said, echoing what she wrote in a Wall Street Journal op-ed earlier this month. “It would be catastrophic for the economy and for individual families,” Yellen said at a House Financial Services Committee hearing. Nearly 50 million senior citizens could face delays in their Social Security payments if Congress does not suspend or raise the debt ceiling in the coming weeks, Treasury Secretary Janet Yellen told lawmakers Thursday.












Social security payments going paperless