Debt ceiling timeline: When are Medicaid, Social Security and other payments in jeopardy
Unless Washington reaches a deal on the debt ceiling, payments millions of Americans rely on each month could be in jeopardy in little more than a week. Unless Washington reaches a deal on the debt ceiling, government payments millions of Americans rely on each month could be in jeopardy in little more than a week. While the deadline politics play out in Washington, the uncertain timeline of exactly what happens next -- both with those payments and to people's bank accounts -- is only adding to growing anxiety. Treasury Secretary Janet Yellen maintains the nation could be unable to pay all of its bills in early June, possibly as early as June 1, though the exact date remains unclear. That means billions of dollars scheduled for programs such as Social Security, Medicare and Medicaid, as well as Military salaries and veterans benefits, are at risk of going unpaid or being delayed if no agreement is reached. MORE: 'It's not their money': Older Americans worried debt d...