Latest News
Debt ceiling crisis could leave millions in lurch
If Congress fails to raise the borrowing cap, Treasury would likely run about a third short of the money it needs to pay everything between this coming Friday and November 15. In total, that’s more than $100 billion. One of the biggest-ticket items…
National Council on Aging Tells Congress to Protect Social Security, Medicare
The National Council on Aging (NCOA) joined the Leadership Council of Aging Organizations (LCAO) in strongly urging Congress to end the government shutdown and extend the debt limit to December 2014, without putting at risk the Social Security, Medicare, and…
Debt-ceiling breach would push economy into free fall, without a government safety net
The Obama administration will have to decide whether to delay — or possibly suspend — tens of billions of dollars in Social Security checks, food stamps and unemployment benefits if negotiations to raise the federal debt ceiling are not resolved…
Chained CPI May Reduce Your Retirement Income
One of the most strident opponents of changing the consumer price index used to calculate the annual cost-of-living adjustment for those on Social Security is The National Committee. It released a study earlier this month on the potential impact with…
Will Social Security benefits rise?
On Wednesday, the Bureau of Labor Statistics is scheduled to release its monthly Consumer Price Index, and this is the big one, the index that determines cost-of-living adjustments for Social Security benefits and other federal programs. The report could be delayed…
Tie Debt Ceiling To Raising Age For Social Security And Medicare
Sen. Rand Paul said Sunday on WABC that “I am worried about a government that borrows over a million dollars every minute. So I think there needs to be structural reform of our spending or we shouldn’t raise the debt…
What you don’t know about Social Security can hurt you
Many people know that Social Security is designed to provide supplemental income to Americans in retirement, but what most people don’t know about the government program could seriously damage their golden years. Here are some points you may not be aware…
In the Spotlight: Seniors deserve more
For the past 78 years, Social Security has lifted millions of seniors out of poverty and provided many more with the opportunity to live out their golden years with dignity and independence. And for the past 48 years, Medicare has…
Shutdown hits workers’ paychecks
If Debbie Dodd can pull her finances together, it only seems fair that the federal government should do the same. Instead, the ongoing shutdown of non-essential government services threatens to push Dodd, a Social Security claims representative, into the kind of…
Area veterans at risk of losing funds
Partisan political games in Washington won’t affect retired veteran Les Rosenblatt immediately, but the The Woodlands resident, has seriously measured how he’ll tighten personal spending habits, if a Federal tug-of-war effects his veterans benefits. He’s also anticipating losing both his…