Debt Ceiling: Default Could Hit Wisconsin Household Wealth, Benefits

Posted on AllSides May 9th, 2023
From The Center

For Wisconsin's soldiers and federal employees, it could mean a delay in their paychecks. If President Joe Biden and congressional leaders of both parties are unable to come to an agreement in a high-stakes meeting this week, the government may run out of money to pay its bills as soon as June 1. It would be the first time in history the United States has defaulted on its debt. Treasury Secretary Janet Yellen said on ABC’s “This Week” Sunday there are “no good options” for the United States to avoid...

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