Feb 1, 2023
The federal government is expecting to run up against a default on its debt as soon as this spring, as Treasury Department Secretary Janet Yellen told Congress in January. While Congress has not yet raised the debt limit, as has been customary, some federal employees are understandably asking how this situation might affect their pay and benefits.
Eric Katz is covering the debt ceiling story. He joined the podcast to talk about the negotiations and how the debt limit will affect federal employees.
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