SGL Live on WGN 9 News – Debt Default Impact

Posted on Mon May 08, 2023
by SGL Financial
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If Congress and President Joe Biden are unable to reach a deal on our nation’s debt limit, we could default by June 1st. To discuss the impact a default could have on your wallet, WGN asked SGL President Steve Lewit to join them live on the news last week.

Here’s what Steve covered Live on WGN 9 News:

  • What would happen if the government were to default on its debt?
  • What kind of impact could this have on Social Security benefits going out? Could they be delayed or even stopped altogether?
  • The debt ceiling standoff in 2011 rattled the financial markets, what is the expected impact on the markets this time around?