Tens of millions of Americans who receive Social Security payments will see their monthly checks increase by a modest amount, according to the Social Security Administration (SSA). The SSA, which manages the payments, said on Oct. 10 that the latest cost-of-living adjustment (COLA) will be 2.5 percent of Social Security and Supplemental Security Income benefits. […]
Due to scheduling issues, recipients of Supplementary Security Income (SSI) won’t receive their payments during the calendar month of September as usual. Instead, payments for roughly 7.5 million recipients were sent out on Aug. 30 per SSI payment scheduling rules, with Sept. 1 being on a weekend. According to the Social Security Administration (SSA), SSI […]
Social Security recipients stand to lose more than a fifth of their annual benefits beginning in 2033 because of significant reserve depletion in the federal program, according to a recent report released by a nonpartisan policy analysis organization. “The Social Security program is currently paying out more in benefits than it collects in payroll tax […]
The Social Security Administration (SSA) made nearly $72 billion worth of improper payments over a period of seven years, with almost a third yet to be recouped, according to the SSA’s Office of the Inspector General (OIG). “SSA issues over $1 trillion in benefit payments annually. Even the slightest error in the overall payment process […]
The Social Security Administration (SSA) closed its local offices on Friday in the midst of a worldwide tech outage impacting CrowdStrike and Microsoft services, it announced in a statement. The agency confirmed that due to the “worldwide IT outage, local Social Security offices are closed to the public” on July 19. From the statement, it’s […]
A new report reveals that Social Security will run out of money by 2035, and Medicare 2036. Brandon Arnold, the executive vice president of the National Taxpayers Union, is calling for Congress to act now. Mr. Arnold explains why the timeline of the programs’ insolvency has shifted, and what factors are involved. But he say […]
The growing U.S. national debt presents a “great concern” to attorney and tax reform advocate Steven L. Hayes, but he’s skeptical about whether either of the two major U.S. political parties has what it takes to address the issue. The U.S. national debt currently sits at over $34.6 trillion. That figure has grown over the […]
The Social Security Administration (SSA) announced a new measure on Friday, slashing the amount that social security beneficiaries must pay to the agency from their monthly benefits to repay overpayments. “When a person has been overpaid, the law requires the agency to seek repayment, which can create financial difficulties for beneficiaries,” the SSA said in […]
Former President Donald Trump has vowed he will “never do anything that will jeopardize or hurt Social Security or Medicare” clarifying his stance on the programs after he elicited pushback from his political opponents with other recent comments about entitlement programs. Sitting down for an interview with Breitbart News on Wednesday, President Trump indicated he […]
The 2024 Republican presidential candidates touted their plans to preserve Social Security and prevent the retirement income program’s demise during the third GOP primary debate on Nov. 8 in Miami. President Joe Biden and the Democrats have long accused the Republican Party of being on a crusade to gut the retirement scheme by cutting benefits. […]
Seventy-one million retirees will receive a more than 3 percent increase in 2024 for their Social Security and Supplemental Security Income (SSI), the federal agency confirmed after the latest Consumer Price Index (CPI) was released. According to the Social Security Administrations (SSA), more than 66 million Social Security beneficiaries will be given a 3.2 cost-of-living […]
On Wednesday, the final round of this month’s three Social Security payments, worth up to $4,555, will be transferred to retirees, according to the Social Security Administration’s (SSA) schedule (pdf). Social Security payments are always sent out on the second, third, and fourth Wednesdays of each month. Payments are spread according to the recipient’s date […]
Treasury Secretary Yellen reaffirms the United States could run out of money to pay bills by early June. In 2023, an average of almost 67 million Americans per month will receive a social security benefit. NTD spoke with experts to see if your social security checks could be impacted should the United States default.
The IRS threw up a roadblock at a whistleblower and his entire team investigating Hunter Biden for tax fraud. And the Justice Department allegedly played a role. Special Counsel John Durham released his long-awaited report on the FBI’s investigation into the Trump campaign. Find out what it concluded, and how Lawmakers are reacting. Could your […]
More than $10 million in foreign cash, from more than 20 companies—that’s what the House GOP says they’ve discovered so far about the extent of the Biden family’s business dealings. But is the president directly involved? Homeland Security is laying out a plan on how to deal with the expiration of Title 42. The agency […]
According to a March poll by the Associated Press and the NORC Center for Public Affairs Research, Most Americans oppose cutting Medicare or social security benefit, even though both programs are ruining out of cash. However, 58 percent did agree with increasing taxes on households making over $400,000 a year.
A new government report shows that the Social Security system’s main trust fund will be depleted by 2033, one year sooner than a prior estimate, adding to concerns about the fund’s solvency. The Treasury Department has released a report following a meeting of the Social Security Board of Trustees, in which it warns that the […]
Sen. Rick Scott (R-Fla.) clarifies his budget plan, saying he never wanted to cut Social Security, after taking heat from members of his own party, including former President Donald Trump. Lawmakers are questioning President Joe Biden’s decision to fire missiles at objects now deemed likely benign balloons. And the White House tells NTD whether the American […]
New details emerge on the Chinese surveillance balloon. What was it capable of as it hovered over the United States? And what do senators say after being briefed by White House officials? In Florida, President Joe Biden is bashing what he calls a GOP plan to cut Social Security. But Sen. Rick Scott (R-Fla.) calls […]
