Social Security recipients to receive 3.2% COLA increase in 2024
The Social Security Administration on Thursday announced the cost-of-living adjustment for 2024 as retirees continue to confront unusually high inflation.
McCarthy's ouster as speaker fuels uncertainty as renewed shutdown threat looms
Eight Republicans led by Rep. Matt Gaetz, R-Fla., joined with Democrats to remove Rep. Kevin McCarthy, R-Calif., as speaker of the House in a historic first that creates a leadership void in the chamber.
Fear over Social Security's future pushes Americans to claim benefits early: survey
Most Americans understand Social Security, but concern over its future is pushing many to claim retirement benefits early, a recent Schroders survey said.
House passes spending bills to fund federal agencies, provide aid to Ukraine as government shutdown looms
The House approved multiple appropriations bills to fund the State Department and foreign operations, the Department of Defense and the Department of Homeland Security.
Social Security trust fund on path to insolvency
Social Security's trust funds are projected to be depleted by 2033, at which point retirees would see a significant cut to their benefits if the program isn't reformed.
Republicans threaten to subpoena Ford over project involving Chinese company
Ford Motor Company is facing a congressional subpoena over its partnership with a Chinese battery company to build a factory in southern Michigan.
House CCP chair applauds Ford for pausing China-linked project amid congressional probes
The top Republican of the House Select Committee on the Chinese Communist Party applauded Ford's move to pause construction of a factory in conjunction with a Chinese company.
How a government shutdown could impact your wallet
Federal lawmakers have until September 30 to agree on a budget or risk shutting down the government. Here's how that could impact your wallet.
Gas prices push inflation higher in August
Inflation increased in August on an annual and monthly basis, but economists largely expected the jump. Here's what it means for you.
Federal budget deficit up nearly $600 billion through August: CBO
The Congressional Budget Office reported that the federal budget deficit through August grew by about $600 billion, compared to a year ago, as spending increased and tax revenue declined.
US federal budget deficit projected to double this year
The U.S. federal budget deficit is expected to nearly double this year, growing to $2 trillion as a result of higher interest rates and lower tax revenue.
AOC promotes message calling inflation corporate 'propaganda' to hide 'greedy shareholders'
Rep. Alexandria Ocasio-Cortez, D-N.Y., shared a left-wing account's video on her Instagram Story that called inflation a "propaganda" term.
House Republicans investigating SBA over alleged misappropriation of COVID funds
The House Small Business Committee is investigating the Small Business Administration after an SBA inspector general's report found the agency misappropriated COVID funds.
Gen Xers face alarming retirement shortfall, study says
The typical Gen X household has saved less than what is needed to finance a secure retirement, according to a study from the National Institute on Retirement Savings.
Social Security, Medicare are on the rocks - and no leader in either party wants to step up
Medicare and Social Security reform went from top fiscally conservative issues to political poison, and experts are blaming the people in charge for setting the narrative.
Inflation climbs above 3%, giving Fed fuel for further interest rate hikes this year
July inflation rose above the annual inflation rate of 3% in June, putting the prospect of Federal Reserve interest rate cuts further in the distance.
US debt downgrade could mean trouble ahead. We should heed the warnings
Fitch’s downgrade doesn’t mean were about to default. It does mean we look like a country that can’t be depended on. Will we lose our status as a reserve currency?
Biden 'pushed America's credit rating off the ledge' with Fitch downgrade, GOP says
Top House Republicans are blaming President Joe Biden and his fiscal and spending policies for Fitch having downgraded the U.S. credit standing.
BlackRock, MSCI being investigated by House Select Committee on China
The House of Representatives’ Select Committee on the Chinese Communist Party filed a letter Monday announcing a probe into asset management titan BlackRock.
Democrat congressman calls Republican efforts against ESG 'Taliban-like'
Democrat Rep. Jim Himes called Republican efforts fighting against corporate ESG "Taliban-like" in an interview with Politico published on Tuesday.