The debt ceiling bill marks the end of big annual hikes for NIH but overall avoids worst-case scenarios for health care financing, health policy experts tell Axios. Because matter: If this bill passes both houses of Congress, it will outline how the next two fiscal years of federal spending on health care agencies will proceed and reduce the threat of a government shutdown as well as prevent a default. Details: The bill would raise the debt limit through January 1, 2025 and keep non-defense discretionary spending levels broadly stable for…
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Social Security, Medicare, Federal Salaries: What payments can be delayed if the debt ceiling stalls
The US reached its debt ceiling, or debt limit, in January. The nation could run out of money to pay all of its bills as soon as June 1, the so-called “X-date.” The government would not be able to pay everyone on time. It would likely prioritize payments to investors holding US Treasuries, to avoid a “technical default.” Payments like Social Security, Medicare, tax refunds, military paychecks, and others would likely be delayed. Democrats and Republicans have not yet reached an agreement to raise or suspend the debt ceiling and…
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