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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% ...
President Joe Biden has opposed three GOP proposals that he says would weaken Social Security — raising the retirement age, means testing benefits and the so-called sunsetting of the program.
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 ...
President Biden on Thursday will announce $36 billion in financial relief to stave off pension cuts for thousands of union workers, the White House said. Biden will be joined by Labor Secretary ...
Below is a list of nominations and appointments to the Department of Labor by Joe Biden, the 46th president of the United States.As of March 21, 2024, according to tracking by The Washington Post and Partnership for Public Service, 13 nominees have been confirmed, 1 nominee is being considered by the Senate, 1 position does not have a nominee, and 3 appointments have been made to positions ...
President Joe Biden signed the wide-ranging Inflation Reduction Act (IRA) into law on Tuesday afternoon, bringing welcome news for many retirees. Biden's act ushers in major cost-saving changes to ...
A 2017 paper by Evans and Fitzgerald found that refugees to the United States pay "$21,000 more in taxes than they receive in benefits over their first 20 years in the U.S." An internal study by the Department of Health and Human Services under the Trump administration, which was suppressed and not shown to the public, found that refugees to ...
The student debt relief announced Friday will wipe out $3.6 billion in debt for 206,800 borrowers. “This relief will go to borrowers who are enrolled in the SAVE Plan who had smaller loans for ...