CSPAN3 Washington Journal Shai Akabas Discusses Emergency Disaster Spending And... September 7, 2017
If the extraordinary measures that the secretary treasury is currently using, basically, accounting maneuvers to give us a little bit more time run out, we wont be able to pay all the nations bills on time and we have a bipartisan policy that will happen sometime in early to mid october so were getting close to the point where those maneuvers will be exhausted and some bills will not be paid. We would default. We would default on some of our obligations. And then what would happen . People expecting payments from the federal government, Social Security beneficiaries, providers of medicaid or m...