Gov't to Reveal Soon if Debt Ceiling Crisis Will Stop Military Pay
Treasury Department officials are in the process of prioritizing of what government programs will still get funded in the event of a debt ceiling crisis - including whether military paychecks will still go out, according to the Stars and Stripes. White House Spokesman Jay Carney says this list of priorities will be made public before the debt ceiling deadline of August 2.
Carney told reporters if lawmakers and President Obama don't come to a debt ceiling agreement by August 2nd and therefore can't borrow money, the government will have a budget shortfall of $134 billion - and that's just for the month of August.
According to the Stars and Stripes, the Department of Defense is putting in its two-cents about budget priorities:
Home Post has reported on legislative efforts in recent weeks to make sure servicemembers get paid in the event the debt ceiling isn't raised before August 2. But so far, none of the proposals has made headway.