‘Game of chicken’ Say Debt Ceiling Standoff Puts State Spending at Risk

montana state capitol

Experts say a debt default would disrupt state spending plans and threaten social programs that affect millions of Americans. Kabar Medsos – A high-stakes debt ceiling standoff in Washington could have spillover effects on state spending plans that rely heavily on federal aid to fund a variety of social programs and transportation projects. States across the country are dependent on a steady flow of cash from the federal government to supplement their own tax revenue, but that pipeline of financial assistance is at risk amid a looming deadline for Congress…