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President Joe Biden delivered the State of the Union address on March 7, in a wide-ranging speech in which he addressed what he plans to change -- or not change -- about drug costs and Medicare, as...
Moderate Social Security increase. Retirees will receive a 3.2% Social Security cost-of-living adjustment. That will juice the average retirement benefit by $59 a month, from $1,848 to $1,907 ...
The next payment date for these beneficiaries is June 2. That also happens to be the day after the U.S. government could go into default if lawmakers don’t reach a debt ceiling agreement ...
The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession.
One of the primary changes the Biden Administration wants to make to Social Security will actually increase its liabilities. Specifically, Biden wants to increase benefit amounts to a minimum of ...
2007: Biden concedes that he is open to cutting benefits or boosting the retirement age in an interview with Tim Russert on “Meet the Press” and doubles down on his early-career efforts to do ...
As the Social Security Old Age and Survivors Insurance Trust (OASI) faces depletion by 2033, President Joe Biden has suggested to bolster funds in the trust and help fill the $22.4 trillion funding...
In total, workers who are 50 and older can contribute up to $30,000 starting in 2023. The annual contribution limit for IRAs next year also increased to $6,500 from $6,000 — an increase of 8.3% ...