Social Security Warns Benefits Could Get Cut – 8 October 2013

The Wall Street Journal

By Damian Paletta

The Social Security Administration has begun warning the public it cannot guarantee full benefit payments if the debt ceiling isn’t increased.

When asked by the public, the agency is notifying beneficiaries that “Unlike a federal shutdown which has no impact on the payment of Social Security benefits, failure to raise the debt ceiling puts Social Security benefits at risk,” according to a person familiar with the agency directive.

blog.wsj,com / link to original article

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