WASHINGTON, D.C. – Senator Charles Schumer D-NY said during a conference call on Thursday that failing to come to an agreement and raise the debt ceiling would have ‘catastrophic’ effects on New York state.
According to Schumer, in the Southern Tier families could face more than $1,800 a year in extra costs for mortgage and credit card payments, gas, utilities and groceries if the U.S. was to default.
There's more to this story! You're only seeing 31% of the story. 
