On August 2nd, a two-year suspension of the debt ceiling expired. This has caused the Treasury to make emergency cash conversions to cover bills like Social Security payments and pay federal employees. While this has happened before, the heightened uncertainty of the pandemic could cause these extraordinary measures to last longer as CNBC reports.

Congress will need to either raise the federal borrowing limit or risk defaulting on debt. These emergency cash conversions are not a new measure, but they signify that it’s time for the government to take action.

At NORA, we’re asking Congress to act on another issue that affects seniors. The COLA Act of 2021 is needed to ensure that all Social Security beneficiaries see an increase in their monthly payments each year. For too many years, retirees have suffered. We’re fighting for yearly COLAs as well as a reimbursement for hardworking retirees.

Learn more about NORA’s mission today. And join us by signing your name to our online petition, then following us on Twitter and Facebook!