The Treasury Department pays a total of $25 billion on behalf of Veterans Affairs every month.
While debt-ceiling negotiations could grind through the Memorial Day Weekend, military-service members and veterans are some of the people who could suffer financially if lawmakers can’t reach an agreement soon.
The Treasury Department pays out $25 billion every month on the Department of Veterans Affairs’ behalf, according to VA press secretary Terrence Hayes. The money goes toward expenses like $12 billion in benefits for veterans and their families, $835 million for pharmacy costs, $4.8 billion for staff salaries, and over $4 billion for contracts to providers of veteran care, he said.
High inflation has been hard for veterans recovering from physical and mental injuries sustained in the line of service, especially if they are on a fixed income and without full-time work, said Wounded Warrior Project CEO Michael Linnington. Nearly half, 46%, of veterans who participated in the organization’s annual poll last year said they lived paycheck-to-paycheck, either sometimes or always.
From October 2021 to March 2022, the organization extended emergency help covering bills and expenses.
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