The Nation - News from Nov. 5, 1985
The delay by Congress in raising the national debt ceiling will cost the Social Security trust fund $38 million in interest in the next 10 days, a Treasury spokeswoman said. The Treasury dipped into the trust fund last week for $15 billion so it could meet government obligations, spokeswoman Kim Hoggard said. Hoggard said the money borrowed from Social Security is enough to last through Nov. 14. “We will lose roughly $38 million (in interest) between Nov. 1 and Nov. 14,” Hoggard said.
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