Yellen dodges on whether Treasury Department moved to surveil Americans' legal purchases
Treasury Secretary Janet Yellen dodged questions after she was asked to confirm whether the department is monitoring Americans' private transactions for signs of "extremism."
Federal deficit blew up $89B more in 1st quarter 2024 than last year
The federal budget deficit widened by $89 billion in the first three months of FY24 compared to the same period last year, with rising interest costs outpacing higher tax revenue.
Social Security is coming for a bigger chunk of your paycheck
The portion of personal income subject to the Social Security tax has increased to $168,600 this year from $160,200 in 2023.
Social Security recipients could get hit with a surprise tax bill this year
The record-high Social Security cost-of-living bump that beneficiaries received in 2023 could come back to bite them during this year's tax-filing season.
House committee warns DOL new independent contractor rule threatens small businesses
The House Committee on Small Business is joining business and trade groups in urging the Department of Labor to reconsider its new rule on classifying independent contractors.
Lawmakers roll out $80B bipartisan tax deal to expand child tax credit, bolster US-China competition
House and Senate negotiators released a bipartisan framework for a tax deal they say will help American families struggling to get by and bolster innovation in U.S. businesses.
Hunter Biden defends including father on business calls: 'Do you have a dad?'
Hunter Biden defended his decision to include his father, then-Vice President Joe Biden, on business phone calls with Ukrainian associates during an exchange with FOX Business.
Bipartisan House bill on AI fraud aims to set safeguards on Americans' 'digital personas,' rights to likeness
Rep. María Salazar, R-Fla., and Rep. Madeleine Dean, D-Pa., introduced the No AI Fraud Act aimed at protecting Americans' rights against artificial intelligence.
Seniors say 2024 Social Security payment increase not enough to keep up with inflation: survey
As seniors deal with rising inflation, some consider rejoining the workforce to deal with rising costs.
The future of Bidenomics: You pay Social Security tax on all of your income?
With another four years of Bidenomics, you can be certain that, at the individual and corporate level, a perpetuity tax on Social Security will become front and center.
Congressional Republicans celebrate SBA collecting on more COVID loans after pressuring agency
Congressional Republicans are celebrating the SBA collecting on COVID-19-era loans after pressuring the agency to get the payments.
Americans are feeling more optimistic about the future of Social Security: survey
More Americans expect to get their Social Security benefits when they retire – in three prior readings, non-retirees were more inclined to predict they would not receive their benefits, a recent Gallup survey said.
Large deficits, high interest rates making federal debt less sustainable
Federal budget deficits and high interest rates are causing the cost of servicing America's $33 trillion national debt to soar, raising concern about the debt's sustainability.
Social Security Administration burdens seniors with push for clawbacks, lawmakers say
House lawmakers are demanding answers amid a report that Social Security benefits are overpaid to more than 2 million Americans annually, who are then contacted for repayment.
12% of retired Americans plan to return to the workforce in 2024: survey
Some 12% of Americans said they planned to work again in the New Year, with 61% citing rising costs as the reason, a recent Resume Builder survey said.
House committee urges DOD to grant more defense contracts to small businesses
The House Committee on Small Business wrote a bipartisan letter to Defense Secretary Lloyd Austin, calling for the DOD to grant more defense contracts to small businesses.
Congress considers bipartisan fiscal commission to address national debt, deficits
Lawmakers considered proposals in the House Budget Committee last week that would establish a bipartisan fiscal commission to suggest policies that would rein in the deficit and debt.
Social Security: COLA increasing but Medicare costs rising too in 2024
Social Security checks are increasing next year thanks to the annual cost of living adjustments (COLA). However, the standard monthly cost of Medicare Part B will increase by $9.80, or 6%, to $174.70 in 2024, according to the Centers for Medicare and Medicaid Services (CMS).
Social Security clawed back overpayments tied to COVID-19 stimulus – lawmakers want answers
Some Social Security recipients have erroneously seen their benefits suspended or have been assessed overpayments due to COVID-19 stimulus checks.
Social Security: Overpayment process changes underway after billions mismanaged
The Social Security Administration is reviewing its overpayment process after mispayment of billions worth of benefits that people must now pay back.