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Obama: I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue.
"I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue, because there may simply not be the money in the coffers to do it," Obama said in an interview with CBS News.
Believing that the City Council is likely to prevail in insisting that the checks go out, the comptroller will note a $256 million "risk" to the mayor's plan, a gap that may require a corresponding cut in spending to balance the budget, Ms. Van Wagner said.
So the executive branch is able to keep enough of the government open that essential services work---the Social Security checks go out, the nation is protected and there's no sense that the President is letting the government collapse.
The last checks go out this fall.
"I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue, because there may simply not be the money in the coffers to do it," he said.
Similar(48)
The first checks went out in June.
City payroll checks went out on Sept. 13.
"After the first checks went out, guess what happened?" Mr. Lutnick asked.
Employees are typically informed of their bonus in January or February, with checks going out shortly after.
The first $250 checks went out in May as part of the $787 billion two-year stimulus package.
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