Are Social Security Payments at Risk if the U.S. Defaults on Its Debt?

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 Payments could be delayed. Steve Heap / Shutterstock.com

Alarm bells are ringing in Washington. The United States recently hit its debt limit — the cap on how much money the federal government is allowed to borrow to pay for all its financial obligations, including Social Security and Medicare payments, salaries for the military, tax refunds and more. The Treasury Department has already begun taking “extraordinary measures” to ensure the country can…

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