Social Security Disability Fund Teeters on Brink of Broke
Social Security's chief actuary warned senators that the disability trust fund needs help "soon" or reserves will run out in 2016.
U.S. Debt Path ‘Unsustainable’ Thanks to Social Security, Health Care: CBO
The Congressional Budget Office predicts rising debt and growing budget deficits in the next 25 years.
Obama Pushes for Student Loan Bill With Tax on Wealthy
Senate will vote Wednesday on Sen. Elizabeth Warren’s student loan refinancing bill that will be paid for with tax on HNW individuals.
Diversification Is Futile; Economy a ‘House of Cards’: Axel Merk
Investors cannot rely on traditional investment principles at a time when government and consumers have a common interest in currency debasement, says Axel Merk.
Obama’s Budget Drops Plan to Limit Social Security Increases
The so-called chained-CPI formula was part of a bid by the president to engage in deficit-reduction negotiations with Republicans.
GOP Jumps on Minimum Wage Job-Loss Report
The CBO report said boosting the minimum wage may cost as many as 500,000 people their jobs.
Friedman: 5 U.S. Budget Battles Yet to Fight
While Congress recently avoided a government shutdown, five big fiscal issues remain unresolved, says The Washington Update's Andy Friedman.
Congressional Hearing Tackles Long-Term Care Funding Woes
“Our current system of providing long-term care is unsustainable for both the government and for families,” Sen. Ben Nelson warned.
UnitedHealth Cuts Could Make Medicare Advantage Less Secure for Seniors
Seniors on UnitedHealthcare plans have until Feb. 14 to switch to original Medicare, but they're locked into the Advantage plans they've already chosen.
Social Security to Run 12% Yearly Deficit: CBO
The deficit will rise to more than 30% by 2030, according to the CBO, as more baby boomers retire.