Congress is set to certify President-elect Donald Trump’s election victory on Monday. Security at the U.S. Capitol has been increased as a precaution against any repeat of the disturbances of Jan. 6, 2021. House Speaker Rep. Mike Johnson (R-La.) said the certification would go ahead despite the snowstorm hitting Washington. A massive winter storm is […]
President Joe Biden on Jan. 5 signed into law a bill that would increase Social Security benefits for millions of Americans who have worked in eligible public service fields. The bill, dubbed the Social Security Fairness Act, specifically boosts benefits for around 3 million Americans who have worked in public jobs, particularly affecting those who […]
The retirement age for many Americans to qualify for Social Security payments will increase by two months, effective Jan 2. The change does not apply to individuals born between 1943 and 1954, for whom the full retirement age was set at 66 by the Social Security Administration (SSA). For those born after 1954, the age […]
As the new year approaches, many may be thinking about their retirement plans. NTD speaks to Regina Hess, a certified financial planner and president of Forge Wealth Management, for expert tips on how to plan for a successful retirement.
The Senate voted for the Social Security Fairness Act to proceed to a final vote Wednesday. Vance Ginn, president of Ginn Economic Consulting and former chief economist for the White House’s Office of Management and Budget, spoke to NTD about the potential cost of the bill.
Congress has until midnight Friday to come up with a way to fund the government or federal agencies will shut down, meaning hundreds of thousands of federal employees could be sent home—or stay on the job without pay—just ahead of the holidays. Republicans abandoned a bipartisan plan Wednesday to prevent a shutdown after President-elect Donald […]
Due to calendar weekend alignment, some Social Security beneficiaries will receive an additional check this November, with no error on the part of the Social Security Administration (SSA). A segment of beneficiaries, particularly those receiving both Social Security and Supplemental Security Income (SSI), are set to receive three payments in November. The anomaly is not […]
During his campaign, Trump promised to impose tariffs of 60 percent on all Chinese goods. As a result, some American businesses are stockpiling imported goods. Some economists think the surge in exports from China last month may have been due to front-loading in anticipation of election results.
The Social Security program can be complex to navigate, so it is often helpful for retirees to mark key dates on their calendars, and Nov. 20 is one of the most important ones. The Social Security Administration (SSA) recommends people create their personal Social Security account by Nov. 20 to access important features like estimating […]
Tens of millions of Americans who receive Social Security payments will see their monthly checks increase by a modest amount, according to the Social Security Administration (SSA). The SSA, which manages the payments, said on Oct. 10 that the latest cost-of-living adjustment (COLA) will be 2.5 percent of Social Security and Supplemental Security Income benefits. […]
Due to scheduling issues, recipients of Supplementary Security Income (SSI) won’t receive their payments during the calendar month of September as usual. Instead, payments for roughly 7.5 million recipients were sent out on Aug. 30 per SSI payment scheduling rules, with Sept. 1 being on a weekend. According to the Social Security Administration (SSA), SSI […]
Social Security recipients stand to lose more than a fifth of their annual benefits beginning in 2033 because of significant reserve depletion in the federal program, according to a recent report released by a nonpartisan policy analysis organization. “The Social Security program is currently paying out more in benefits than it collects in payroll tax […]
The Social Security Administration (SSA) made nearly $72 billion worth of improper payments over a period of seven years, with almost a third yet to be recouped, according to the SSA’s Office of the Inspector General (OIG). “SSA issues over $1 trillion in benefit payments annually. Even the slightest error in the overall payment process […]
The Social Security Administration (SSA) closed its local offices on Friday in the midst of a worldwide tech outage impacting CrowdStrike and Microsoft services, it announced in a statement. The agency confirmed that due to the “worldwide IT outage, local Social Security offices are closed to the public” on July 19. From the statement, it’s […]
A new report reveals that Social Security will run out of money by 2035, and Medicare 2036. Brandon Arnold, the executive vice president of the National Taxpayers Union, is calling for Congress to act now. Mr. Arnold explains why the timeline of the programs’ insolvency has shifted, and what factors are involved. But he say […]
The growing U.S. national debt presents a “great concern” to attorney and tax reform advocate Steven L. Hayes, but he’s skeptical about whether either of the two major U.S. political parties has what it takes to address the issue. The U.S. national debt currently sits at over $34.6 trillion. That figure has grown over the […]
The Social Security Administration (SSA) announced a new measure on Friday, slashing the amount that social security beneficiaries must pay to the agency from their monthly benefits to repay overpayments. “When a person has been overpaid, the law requires the agency to seek repayment, which can create financial difficulties for beneficiaries,” the SSA said in […]
Former President Donald Trump has vowed he will “never do anything that will jeopardize or hurt Social Security or Medicare” clarifying his stance on the programs after he elicited pushback from his political opponents with other recent comments about entitlement programs. Sitting down for an interview with Breitbart News on Wednesday, President Trump indicated he […]
The 2024 Republican presidential candidates touted their plans to preserve Social Security and prevent the retirement income program’s demise during the third GOP primary debate on Nov. 8 in Miami. President Joe Biden and the Democrats have long accused the Republican Party of being on a crusade to gut the retirement scheme by cutting benefits. […]
