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.
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.