Here are the reasons why the personal finance guru believes Americans should be less pessimistic about the fate of the social safety net. Reasons not to worry. The biggest reason
With the newest CBO estimate predicting the national debt will hit $52 trillion by 2035, Congress has two feasible options to protect current Social Security benefits without inflicting fiscal harm.
The Social Security Old-Age and Survivors Insurance (OASI) Trust Fund pays retirement, spousal, and survivors benefits. Before President Biden signed the Social Security Fairness Act into law, the OASI Trust Fund was expected to be insolvent by 2033, at which point only 79% of scheduled benefits would have been payable.
U.S. Rep. David Schweikert warned on the House floor this week about ballooning deficits in Social Security and Medicaid programs. Over the next 30 years, he warned, citing Congressional Budget Office estimates,
Sterling Wealth Management's Sharon Allen and Daly Andersson answer Jana Wiersema's questions about the impact of the new Social Security Fairness Act.
The growth in homelessness remains among voters’ top concerns. At every level, decision makers will face the challenge of finding effective solutions and the funding to make them possible.
Social Security is a cornerstone of financial stability for millions of Americans, with 68 million beneficiaries receiving monthly payments. While this program is vital for many retirees, disabled individuals and their families, a surprising contributor helps keep it afloat: unauthorized immigrants.
The U.S. government is being called out by an Illinois-based government finance watchdog for its spending and reporting practices. Truth in Accounting recently took part in a virtual event called “Citizen-Heroes Conference” aimed at exposing the true scope of U.
President Trump wants a massive tax cut and immigration crackdown bill. Now Republicans must decide what to cut to help pay for it.
The Senate Homeland Security and Governmental Affairs Committee held a confirmation hearing for Vought on January 15, 2025. Russell Vought's Senate confirmation hearing, January 15, 2025 The Senate Budget Committee held a confirmation hearing for Vought on ...
U.S. President Donald Trump is pushing a plan to explicitly use revenue from higher tariffs on imported goods to help pay for extending trillions of dollars in tax cuts, an unprecedented shift likely to face opposition from many of his fellow Republicans in Congress.