Time Ticking on Debt Ceiling

New Jersey Democratic members of Congress have blasted US House Republicans for playing a game of brinksmanship with the US debt ceiling, while millions of New Jersey residents stand to be impacted by an economic downturn expected to follow a default. President Joe Biden had said that the US is not a “deadbeat” country and pays its bills while Speaker Kevin McCarthy and Republicans seek to press for deep cuts in federal spending going forward as a condition for their approval.

The debt ceiling, however, impacts payments for goods and services already rendered.  Additionally, Congressman Bill Pascrell warned that social security checks to senior citizens would come to a halt.

  According to the Social Security Administration, just before the COVID-19 […].

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