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A Massachusetts-based company has purchased a handful of waterfront storage properties in the Annex for over $17 million -- in anticipation of a federally…

VioletaStoimenova/Getty Images(NEW YORK) -- The threat to Social Security payments posed by a debt ceiling impasse keeps Linda Stanberry, 76, dwelling on her worst fear: the loss of the home

VioletaStoimenova/Getty Images(NEW YORK) -- The threat to Social Security payments posed by a debt ceiling impasse keeps Linda Stanberry, 76, dwelling on her worst fear: the loss of the home she has lived in for 48 years. Stanberry, who depends entirely on about $1,800 she receives in federal benefits each month, said she hardly saves anything after expenses like food, utilities, prescription drugs and supplemental insurance for cancer coverage. The federal government could fail to pay some of its bills as soon as June 1, Treasury Secretary Janet Yellen warned this week. If that shortfall inte...

(NEW YORK) -- The threat to Social Security payments posed by a debt ceiling impasse keeps Linda Stanberry, 76, dwelling on her worst fear: the loss of the home she has lived in for 48 years. Stanberry, who depends entirely on about $1,800 she receives in federal benefits each month, said she hardly saves anything

The consequences of a U.S. debt default for low-income older people could be "absolutely disastrous," one expert said.