27 million Social Security checks are due to be mailed on August 3rd, the day after the U.S. government will default on its debts if Democrats and Republicans do not agree to increase the nation's borrowing limit.
However, President Obama warned yesterday that, absent a deal, he can't guarantee that older Americans will receive their Social Security checks next month.
"There may simply not be the money in the coffers to do it," Obama said in a CBS News interview last night.
American Morning wants to know: What's the impact of Social Security checks not going out on Aug 3rd?
Post your response here. Your answer could be included in this morning's broadcast.