Debt-ceiling breach would push economy into freefall, without a government safety net

Capitol Hill during a storm. An economic one could be hitting the country within the next few days if Congress doesn't reach a deal. (Mark Wilson/Getty Images)


Debt-ceiling breach would push economy into freefall, without a government safety net

The Obama administration will have to decide whether to delay — or possibly suspend — tens of billions of dollars in Social Security checks, food stamps and unemployment benefits if negotiations to raise the federal debt ceiling are not resolved this week, experts say, one of the many difficult choices officials will have to make at a time when the government will essentially be running on fumes.The government will begin Monday with about $30 billion cash in the bank and …

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