As soon as June 1, Alaskans may go without Social Security checks, food-stamp payments and even their basic paychecks unless members of Congress agree to raise the nation’s debt ceiling. (via AlaskaBeacon)
In 2019, when the federal government shut down for 35 days, Alaska “Our state has a very high number of federal employees and many Alaskans are enrolled in Medicare, Medicaid and VA health coverage,” said Sam Erickson, an aide to U.S. Rep. Mary Peltola, D-Alaska. “Those salaries and benefits could be at immediate risk in a default, depending on how the government decides to prioritize its bills.
If there’s no money available, those checks and automatic deposits won’t take place. Federal employees may be required to show up to work without pay. In those cases, the problem was caused by Congress’ failure to allocate money. This time around, it’s because there won’t be money to allocate: The federal government wouldn’t be able to borrow any more money to spend.
The state treasury department is assessing the situation, said Aimee Bushnell, a special assistant to Department of Revenue Commissioner Adam Crum. The focus has been on immediate effects, including within the next few months, and “it’s been determined that the state of Alaska has enough cash on hand to fund state government functions in the near term, should there be a federal default,” she said.
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