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Top U.S. Fiscal Problem Is Future Deficits, Economists Say
The biggest fiscal challenge facing the U.S. is the size of projected deficits in the 2020s and 2030s, according to a survey of business economists. The National Association for Business Economics surveyed 220 of its members in July and August. The…
Win for Life Insurer in Unclaimed Property Arena
Scrutiny over the life insurance industry’s “asymmetric” use of the Social Security Administration’s Death Master File has come primarily from the regulatory community in the form of unclaimed property audits and market conduct examinations, where life insurers do not have the benefit of a…
US NABE Panel Does Not See Fed Tapering As Soon as September
A panel of 220 economists surveyed by the National Association of Business Economics overwhelmingly rejected the notion the Federal Reserve will begin tapering its purchase program as soon as September while seeing deficits projected for the next two decades as…
Puerto Ricans charged with Social Security fraud
Federal authorities had arrested at least 68 people and were seeking seven more Wednesday in a multimillion dollar Social Security fraud case in the U.S. territory of Puerto Rico, which they say has one of the highest rates of fraud…
Same-sex couples looking for clarity in wake of DOMA ruling
After 33 years together, Mary Thoreson and Wendy Pologe aren’t certain how much they have spent on legal fees to ensure they and their son have some of the rights traditional families take for granted — but they know the…
Nation’s former top accountant eyes US debt warily
David Walker, who for a decade ran the Government Accountability Office, the watchdog group charged with overseeing how the government spends taxpayer money, is as adamant as ever that Washington is out of touch and out of control with the…
U.S. Rep. Brad Sherman to Host Town Hall Meeting Sunday
Congressman Brad Sherman will host a Town Hall meeting from 2 to 3:30 p.m. on Sunday. The Congressman will discuss the economy, jobs, Social Security, Medicare, the budget, the deficit, immigration, the Middle East, as well as many other issues facing Congress…
Unmarried Individuals Living Alone Depend On Social Security
Unmarried individuals living alone, both women and men, more likely are reliant on Social Security to keep them out of poverty than those who live with families, a study found. Since the majority of older women are single, while the…
Editorial: House should back immigration reform
The voices of SOUND ECONOMICS and reason are making good use of the August congressional recess by pressing the case for comprehensive immigration reform. The legislation passed by the Senate in June would bolster Social Security, cut the federal deficit,…
Burr would not support government shutdown
Senator Richard Burr said he would not support a federal government shutdown to stop President Obama’s health care law. Burr, a Winston-Salem Republican, said those supporting this move are not addressing the fact the Affordable Care Act is the law. “That’s…