Will Federal Employees Get Their Paychecks On Time?

One lawmaker suggests the next step in the debt ceiling crisis could be a delay in pay checks for federal employees. The Treasury Department is already tapping federal retirement funds and delaying investments into those funds - to stay off the federal debt limit until August 2nd. Senator John Kyl of Arizona tells the National Journal, the government will not default on it's debt. If the U.S. passes the August deadline without raising the debt ceiling, Kyl says the money could delay pay checks to federal employees and members of Congress.