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Yes, the federal government borrows Social Security funds
Yes, the debt ceiling deal requires student loan payments to restart
Several VERIFY readers asked what the debt ceiling deal means for their student loan payments. Here’s what borrowers need to know.
VERIFYING 6 claims about the U.S. debt ceiling and potential default
What are the consequences if the U.S. defaults on its debt? Would a default impact Social Security or SNAP payments? VERIFY answers top questions.
VERIFYING what a U.S. default could mean for your Social Security check
Could the government miss Social Security monthly payments if the U.S. defaults? Here’s what we can VERIFY.
Will Congress get paid if the U.S. defaults? Why no one knows
The U.S. has never defaulted before over failure to raise the debt ceiling and there is no framework for prioritizing certain payments over others.
No, the U.S. has never defaulted on its debt over failure to raise the debt ceiling
Experts say there have been other moments in history where the U.S. missed debt payments, but they were unrelated to the debt ceiling.
Yes, Republicans lifted the debt ceiling without spending cuts under Trump
House Republicans say they won’t lift the debt ceiling unless President Biden agrees to cut spending. Viewers asked whether they had the same demands for Trump.
Claim Republican debt ceiling bill cuts veterans’ benefits needs context
The bill calls for broad federal spending cuts, but doesn’t specify which departments would lose funding.
U.S. debt ceiling and default: 5 Fast Facts
Several readers asked about the debt ceiling and what could happen if Congress doesn’t raise it before the U.S. defaults on its debt.
No, the debt and the deficit are not the same thing
The two concepts are related and easily confused. Here’s the difference:
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