Cavan Images | Cavan | Getty Images House lawmakers in Washington have the signatures they need to force a vote on a bill to eliminate rules that reduce Social Security benefits for certain retirees who also receive pension income. On Thursday morning, Reps. Abigail Spanberger, D-Va., and Garret Graves, R-La., marked the 206 signatures a … Read more
Skynesher | E+ | Getty Images Rare bipartisan momentum is growing in the House of Representatives to force a vote on a bill that would address a topic Congress typically avoids — Social Security. The bill — the Social Security Fairness Act — would repeal two rules that reduce Social Security benefits for workers and … Read more
Patchareeporn Sakoolchai | Moment | Getty Images Social Security beneficiaries have seen higher cost-of-living adjustments in recent years, prompted by record high inflation. Yet next year’s increase may not be as generous. Based on new government inflation data, beneficiaries may see just a 2.5% increase to benefits in 2025, estimates Mary Johnson, an independent Social … Read more
As the US government faces a potential shutdown on October 1, many essential services are at risk of disruption. Federal employees, particularly those not deemed essential, may be told not to work, and their paychecks could be delayed. However, certain services and workers would continue to operate, even under a shutdown. Why the US Government … Read more
It is one of those unwelcome surprises that is almost guaranteed to anger people when they retire: income from Social Security benefits is subject to federal taxes – and in some cases, to state taxes as well. So it is not a shock to see Republican presidential candidate Donald Trump dangling elimination of the tax … Read more
Ascentxmedia | E+ | Getty Images With the Federal Reserve poised to start cutting interest rates, experts are divided on what’s ahead for the U.S. economy. While some worry the economy could be in for a broad decline, or recession, others hope the central bank can effectively avoid a downturn and execute a “soft landing.” … Read more
Minnesota Governor and 2024 Democratic vice presidential candidate Tim Walz at the first day of the Democratic National Convention in Chicago on Aug. 19, 2024. Charly Triballeau | AFP | Getty Images Minnesota Gov. Tim Walz accepted the Democratic vice presidential nomination at the Democratic National Convention on Wednesday night. In his speech, Walz credited … Read more
Sakorn Sukkasemsakorn | Istock | Getty Images About 2.9 billion people may have had their personal information hacked, a new proposed class action lawsuit alleges. If true, reports suggest all Americans may have had valuable personal information compromised — including full names, current and past addresses, Social Security numbers and information on parents, siblings and … Read more
Democratic vice presidential candidate and Minnesota Governor Tim Walz (L), and Republican Vice Presidential candidate Sen. JD Vance (R-OH). Getty Images Housing Affordable housing is an important topic for many Americans and both Walz and Vance have addressed the issue. In May 2023, Walz signed housing legislation that included $200 million in down payment assistance. … Read more
Republican presidential nominee and former U.S. President Donald Trump holds a campaign rally in Harrisburg, Pennsylvania, U.S., July 31, 2024. Elizabeth Frantz | Reuters Trump’s plan could move insolvency for Social Security, including the disability program, up two years, from 2035 to 2033, according to the Tax Foundation. Insolvency for Medicare could move up six … Read more
