Fed Life — A potential debt default would have a big effect on feds

Today we focus on two possibilities, both unlikely, but that would have big effect on federal employees. One, of course, is the prospect of a debt default. We’ll talk about that with financial planner Art Stein.

But first, a bill from Republican Senator Rick Scott of Florida would make federal executive branch employees, at-will. You could be fired for any reason short of a prohibited personnel practice. I got one interpretation of what this bill could mean, from the National Active and Retired Federal Employees association’s John Hatton.