In her latest letter to Congress, U.S. Treasury Secretary Janet Yellen urged House Speaker Nancy Pelosi to come to a permanent resolution regarding debt ceiling measures after the December expiration.
This probably isn't a big problem for most retired Americans, but you can't let funds in your retirement accounts sit there forever. You have to make required minimum distributions or face stiff.
Treasury Secretary Janet Yellen has been warning Congress for months about the potential impact of not raising the debt limit, with one of the inherent consequences being delayed Social Security.