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The Social Security debate in the United States encompasses benefits, funding, and other issues. Social Security is a social insurance program officially called "Old-age, Survivors, and Disability Insurance" (OASDI), in reference to its three components. It is primarily funded through a dedicated payroll tax. During 2015, total benefits of $897 ...
The National Commission on Fiscal Responsibility and Reform (often called Simpson–Bowles or Bowles–Simpson from the names of co-chairs Alan Simpson and Erskine Bowles; or NCFRR) was a bipartisan Presidential Commission on deficit reduction, created in 2010 by President Barack Obama to identify "policies to improve the fiscal situation in the medium term and to achieve fiscal sustainability ...
The pact was signed into law in April. In a ceremony on the South Lawn, President Reagan signs a bill to avert Social Security insolvency in 1983. Looking on are a range of figures, including Alan ...
The American Recovery and Reinvestment Act of 2009 ( ARRA) ( Pub. L. 111–5 (text) (PDF) ), nicknamed the Recovery Act, was a stimulus package enacted by the 111th U.S. Congress and signed into law by President Barack Obama in February 2009. Developed in response to the Great Recession, the primary objective of this federal statute was to save ...
In an announcement on Tuesday, the agency’s Employee Benefits Security Administration proposed a retirement security rule that would update the definition of an investment advice fiduciary under ...
One of the top priorities on President Joe Biden's domestic agenda is reforming Social Security, which faces an uncertain future amid reports that its cash reserves will be fully depleted by 2034.
The economic policy of the Barack Obama administration, or in its colloquial portmanteau form "Obamanomics", was characterized by moderate tax increases on higher income Americans designed to fund health care reform, reduce the federal budget deficit, and decrease income inequality. President Obama's first term (2009–2013) included measures ...
Obama's first response to the document leaks was on June 7, 2013, to state his support on programs dealing with national security. [114] [115] In December, an independent commission appointed by Obama released its findings, stating that the collection of metadata from American citizens should end.