Congresswoman Lois Frankel today called on the House to reach a responsible solution to end the government shutdown and avoid a default.

“It’s critical the House reaches a responsible deal to re-open the government and ensure America avoids a worldwide economic meltdown,” Frankel said. “We should all be open to reasonable, common-sense solutions and working with anyone who has a good idea.”

If our country defaults for the first time in history, the consequences could be devastating for the national and world markets.

According to a report by the House Ways & Means Committee, Floridians could be hit hard as: 

• The 260,000 veterans living in Florida may not get their monthly-earned benefits and over 23,000 veterans in need, including those who are disabled, may not collect their pension.
• More than 4 million Florida seniors may not get their Social Security checks.
• Mortgage Interest Rates could go higher costing the average homebuyer $100 more a month.
• More than 3 million Floridians could watch their employer retirement plans plummet in value.

For full details from the report on the possible impact of a default in Florida, click here.

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