Tuesday, July 12, 2011 By Terence P. Jeffrey
House Speaker John Boehner, President Barack Obama and Senate Majority Leader Harry Reid discussing debt-limit legislation at the White House on July 7, 2011. (AP photo)
(CNSNews.com) - President Barack Obama told CBS News today that there may not be enough money in the U.S. Treasury to cover Social Security checks after Aug. 3 if Congress does not agree to lift the legal limit on the federal debt and allow his administration to borrow more money.
