Debt could stabilize in 10 years. Congressional Budget Office Director Phillip Swagel said that reducing deficit spending by 50 percent, as measured as a percentage of the country’s…
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Social Security Could Get Age Benefit Changes
The solvency of the program is at the heart of discussions. Changing the age requirement for receiving Social Security benefits is under consideration by a bipartisan group of…
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Bill Would Deny Federal Handouts to Traffickers
Proposed legislation includes smuggling, transporting, and harboring traffickers. Senator Marsha Blackburn of Tennessee was joined by Senators Katie Britt of Alabama and Cindy Hyde-Smith of Mississippi in introducing…
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President and House Speaker to Meet Wednesday
The debt ceiling is expected to be at top of the agenda. House Speaker Kevin McCarthy of California said he and President Joe Biden will meet Wednesday to…
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CBO Predicts Social Security Exhaustion in 10 Years
Old Age and Survivors Insurance Trust Fund needs to be addressed by Congress. A new report from the Congressional Budget Office shows the Old Age portion of the…
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USDA and Social Security Partner to Strengthen SNAP
The agencies are increasing the cooperation between income assistance and food assistance. The Department of Agriculture (USDA) has shared the updated memorandum of understanding between the Supplemental Security…
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Social Security Payments to Increase by 8.7% in 2023
The additional amount averages $140 per month. The Social Security Administration announced that Social Security benefit payments will be increasing by 8.7 percent in 2023. This will raise…
Read MoreSocial Security Benefits Up 8.7% in 2023
The highest increase in four decades is in response to inflation. Social Security checks will be 8.7% higher beginning in January, the largest cost of living adjustment benefits…
Read MoreHouse Committee Advances Social Security Benefits Bill
The bill would increase benefits for certain public workers. Legislation advanced in the House Ways and Means Committee would eliminate rules that reduce Social Security benefits to persons…
Read MoreBill Would Add $200 Each Month to Social Security
Plan would also give program a financial “shoring up.” Representative Peter DeFazio of Oregon and Senator Bernie Sanders of Vermont introduced the Social Security Expansion Act. Social Security recipients…
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