Debt ceiling calendar: Who might not get their federal payment – and when
CBSN
If the U.S. doesn't lift the debt ceiling and can't pay its bills, millions of Americans could feel the pinch. Social Security checks, veterans benefits, Child Tax Credit payments and more could be frozen.
"Anything that the government spends money on could be affected," said Paul N. Van de Water of the Center on Budget and Policy Priorities.
The U.S. Treasury is still bringing in tax revenue but it's not enough to cover what it owes – it needs to borrow to make up the difference. The department estimates its ability to pay all the bills will be exhausted if Congress does not move to raise or suspend the debt limit by October 18.
Washington — The Supreme Court on Friday said it will consider the constitutionality of the Federal Communications Commission's Universal Service Fund, agreeing to review a lower court decision that upended the mechanism for funding programs that provide communications services to rural areas, low-income communities and schools, libraries and hospitals.
Jeff Bezos' Blue Origin launched six space tourists on a high-speed dash to the edge of space and back Friday, giving the passengers — including a husband and wife making their second flight — about three minutes of weightlessness and an out-of-this world view before the capsule made a parachute descent to touchdown at the company's west Texas flight facility.