Jackl Ew News Today : Breaking News, Live Updates & Top Stories | Vimarsana

And what about jack lew talked about social security. is that fear mongering? >> no, we have been through this before. there is a historical precedent for dealing with social security in a situation we don't have a debt ceiling deal in hand. bill, you know the social security trust fund owns $1 trillion of treasury bonds. and so what would happen if we got to a situation where the treasury could not issue new debt. the social security administration can sell the existing bonds and use that money to pay the social security benefits. and again, i think it is shameless scaremongering to tell seni...

Like tee to down grade unless the government miss a payment. >> what is the likelihood of that happening? >> it depend on who talk to. we take in 234 billion every month. we only need 18.6, in order to service the debt. jack l. ew said it is not up to him to decide how to prioritize what we pay and don't. other economist said that is your job to prioritize. the money is there to make a payment. the rest may be up to politics and interesting to watch. >> we'll have plenty to talk about later today. >> fox business network check it out. >> they are all about money. just look at her for crying ou...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.