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.
Your Social Security COLA increase could be bigger than expected next year
The Seniors Citizens League estimates that Social Security beneficiaries could receive a 3% cost-of-living adjustment in 2025 as inflation gains steam.
Retired Americans with student loan debt risk garnishment of Social Security benefits
Democrat lawmakers want the Biden Administration to end the practice of Social Security garnishment to pay off outstanding student loan debt that impacts millions of older Americans.
Economists weigh pros and cons of Trump plan for 60% tariff on China
Economists debate the pros and cons of former President Trump's proposed 60% tariff on all Chinese imports, which could raise prices on American business and consumers.
US national debt interest exceeds defense spending: CBO
Federal spending on servicing the national debt has eclipsed military spending in fiscal year 2024, according to a new report from the Congressional Budget Office.
Hedge fund billionaire says US debt 'is a growing concern that cannot be overlooked'
Citadel founder and CEO Ken Griffin said the rapid growth of the U.S. national debt is a "growing concern that cannot be overlooked" in his annual letter to investors.
Social Security Administration announces new measures to deal with overpayments
Major changes to how the Social Security Administration handles overpayments were announced recently
BlackRock CEO says Social Security's retirement age 'a bit crazy' as crisis looms
BlackRock CEO Larry Fink issued a warning about the fiscal crisis facing Social Security in his annual letter to investors, saying the retirement age should be re-assessed.
Pride flags banned at US embassies as a result of $1.2 trillion spending package
President Biden accepted language in the $1.2 trillion spending package that bans the flying of pride flags at U.S. embassies, and the White House is looking to repeal.
Biden 'doesn't have a plan' on Social Security solvency, Treasury secretary says
Treasury Secretary Janet Yellen told lawmakers that President Biden “doesn’t have a plan" when it comes to preventing Social Security from running out of funds.
Danger ahead: CBO says debt will consume 166% of GDP in 30 years
The CBO released a report showing that the national debt will rise to unprecedented levels over the next three decades despite recent deficit reduction efforts.
Rural district Republicans slam Biden budget over ‘tax hikes’ on farms, businesses
President Biden's budget is under fire in a new letter by more than a dozen House Republicans who are concerned about how his proposals would impact rural America.
Forced TikTok sale could 'absolutely' happen before November election, House China committee leader says
House China Select Committee Chair Mike Gallagher, R-Wis., says that it's "absolutely" possible that a forced sale of TikTok could occur before November.
House passes bill that could see TikTok banned in US
The bill would block TikTok from U.S. app stores if parent company Bytedance, which is linked to the Chinese government, does not divest from it within 165 days.
FCC commissioner says TikTok is a 'clear and present danger' to US national security
FCC Commissioner Brendan Carr voiced support for a new bipartisan bill on TikTok and claimed the social media platform is a "serious threat" to national security.
These 5 states rake in the most Social Security benefits
The average Social Security benefit is just under $2000, but there are ways to boost that amount.
Biden says he would sign the bipartisan bill banning China-based app TikTok
President Biden said that he would sign the bill to federally ban TikTok if it passed in the House and Senate.