Trump's push to end taxes on tipped wages is taken up by House GOP
House Republicans are introducing a bill to codify former President Trump's campaign pitch to stop taxing tipped wages for service industry workers.
Federal budget deficit to reach nearly $2 trillion this year, CBO projects
The Congressional Budget Office projected that the federal deficit is expected to reach nearly $2 trillion this year in a newly released update to 10-year budget estimates.
More retirees consider returning to work as high inflation squeezes
While Social Security recipients received a 3.2% cost-of-living adjustment in 2024, retirees say they are still struggling financially, a new survey shows.
Your Social Security COLA increase could be smaller than expected next year
Social Security beneficiaries could receive a 3% cost-of-living adjustment in 2025, according to a new analysis, as inflation shows signs of moderating.
Social Security payments will get cut $325 a month starting in 2033 without changes: actuaries
The chief actuaries for Social Security and Medicare testified before the House Budget Committee about the two programs' looming insolvency roughly a decade from now.
Remington's sale of its ammunition arm to a foreign buyer is raising eyebrows
Vista Outdoor, which makes Remington guns, is selling its ammunition business to a foreign entity. Not everyone is happy about a deal that could have national security repercussions.
Americans retirement outlook improves despite inflation: survey
The majority of workers and 74% of retirees believed they will have enough money to live comfortably throughout retirement, according to the The Employee Benefit Research Institute and Greenwald Research survey.
Social Security recipients will get one less payment in June – here's why
Some Social Security recipients will miss a payment in June, but it doesn't mean retirees are receiving less money — it's due to a quirk in the system.
Rising national debt to reduce Americans' income growth: report
The rising national debt is projected to slow American households' income growth, with higher levels of debt shaving off about one-third of those gains, a new report finds.
Growing US debt burden spooks some bond investors as election looms
With the 2024 presidential election looming, forecasts showing federal budget deficits and the national debt continuing to grow have bond investors on edge as fiscal risks increase.
House votes to block Federal Reserve from creating own digital currency
The House of Representatives voted to pass a bill blocking the Federal Reserve from creating a central bank digital currency.
Bipartisan oversight committee duo teams up to force presidents, close family to disclose finances
A bipartisan bill supported by Reps. James Comer, R-Ohio, and Katie Porter, D-Calif., would compel presidents to offer years of tax filings and force family members to be similarly transparent about their finances.
You might get a bigger Social Security check next year. Here's why
The Seniors Citizens League estimates that Social Security beneficiaries could receive a 3% cost-of-living adjustment in 2025 as inflation gains steam.
'National security concerns' raised as German group purchases influential US advisory firm
A pair of House Republicans are asking the U.S. Treasury to investigate a German corporation's acquisition of a top global advisory firm.
Social Security fund gains extra year of solvency – benefits will begin to be reduced in 2035
Social Security trust funds will not run out of money until 2035, at which point Seniors can expect their benefits to be reduced by 17% unless Congress takes steps to shore up the program.
Social Security funds barreling toward insolvency without a fix
The annual Social Security trustees' report this week said the Old-Age and Survivors Insurance trust fund is on track to reach insolvency in 2033.
Warren Buffett predicts higher taxes due to rising deficit
Warren Buffett said at Berkshire Hathaway's annual meeting he thinks the federal government will look to increase taxes to address widening budget deficits rather than cut spending.
Some Americans to receive rare second Social Security payment in May
Social Security recipients will receive two checks this month, but it doesn't mean retirees are receiving extra money – it's due to a quirk in the system.
Higher March inflation boosts Social Security COLA forecast for 2025
The latest Social Security cost of living adjustments (COLA) jumped considerably after a spike in inflation last month, according to one estimate.
Lawmaker demands FTC probe Temu parent company over alleged CCP ties
Republican Congressman Brian Mast of Florida on Tuesday sent a letter to the FTC urging the commission to probe Chinese e-commerce site Temu's alleged CCP ties.