Government Shutdowns and You
What do you suppose would happen if Congress does not raise the debt limit later this month? The U.S. Treasury would be unable to pay U.S. obligations including interest on the national debt - so no one would lend money to the U.S. government, payments to Social Security and Medicare recipients would cease as would salaries and pensions to government employees, financial markets would freeze up, banks would shut down and people would lose further jobs. The United States would