What happens to Social Security if the U.S. breaches the debt ceiling?
Millions of Social Security recipients "need to be very careful" about spending because payments could be delayed, one expert said.
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Millions of Social Security recipients "need to be very careful" about spending because payments could be delayed, one expert said.
The treasury secretary also told G-7 finance ministers and central bank chiefs meeting in Japan that a first-ever U.S. default on its debts is "unthinkable."
The U.S. may be unable to pay its bills within weeks if Congress does not raise or suspend the debt ceiling.
Lloyd Blankfein says going over fiscal cliff would shake confidence in investing in the United States
Budget Committee chairman Paul Ryan says it would allow more time for Republicans to work on spending cuts with Democrats
Leading rating agency says battle over hiking debt ceiling lid jeopardizing triple-A rating
Def. Sec. Leon Panetta warns: "Fiscal uncertainty has become a serious threat to our national security"
A majority of Americans, including a third of Republicans, say the GOP would be to blame if Washington can't avert the "fiscal cliff"
Says real issue is what GOP willing to do to avert looming tax hikes, spending cuts
Many Dems hope president takes hard line in remarks, as GOP digs in heels against hiking taxes on big earners; Will he go down middle?
Democrats say they're open to changes to Medicare, Social Security, but suggest it should be separate from "fiscal cliff" negotiations
Six governors meet with the president today and plan to tell him that "fiscal cliff" fix should do more than shift cost to states
Obama addresses the Business Roundtable today, a group that's had a contentious relationship with the president
Economist Mark Zandi tells Congress it has time to cut a deal, but they must get a good deal: "The uncertainty is killing us"
The VP tries on watches, eats free samples and urges Congress to extend the Bush-era tax cuts for middle class people like Costco shoppers
House speaker rejects one Republican's plea to go along with Obama's plan to extend current tax rates for 98 percent of Americans
The president entreats voters: "Tell members of Congress what a $2,000 tax hike would mean to you"
The tax deduction that helps save an average of $600 a year for 40 million Americans could be on the congressional carving block
Democrats, Republicans suggest deal in the works with entitlement spending cuts, increasing revenue on the negotiating table
In his weekly address president celebrates an uptick in new homes, says Congress may "come to their senses" if voters "give them a push"
If elected would seek, before inauguration, to head off looming huge defense cuts and end of Bush tax cuts: AP
Euro finance ministers say $36B can be ready for Spain's bailout by month's end
The yield on Spanish government debt reached 7 percent amid ongoing concerns about the country's banks
House of Representatives votes to deny $1.2 trillion debt limit increase, but it's just a symbolic move
With the government in need of more money to borrow, Obama notified Congress Thursday that the debt limit needs to be raised again