Debt ceiling calendar: Who might not get their federal payment – and when
CBSN
If the U.S. doesn't lift the debt ceiling and can't pay its bills, millions of Americans could feel the pinch. Social Security checks, veterans benefits, Child Tax Credit payments and more could be frozen.
"Anything that the government spends money on could be affected," said Paul N. Van de Water of the Center on Budget and Policy Priorities.
The U.S. Treasury is still bringing in tax revenue but it's not enough to cover what it owes – it needs to borrow to make up the difference. The department estimates its ability to pay all the bills will be exhausted if Congress does not move to raise or suspend the debt limit by October 18.
There's no making up for what Olympic hurdler Lashinda Demus lost on the day she finished .07 seconds behind a Russian opponent who, everyone later learned, was doping. What the American 400-meter hurdles champion will finally receive is a great day under the Eiffel Tower where she'll be presented with the gold medal she was denied 12 years ago at the London Olympics.