Items tagged with Social Security:
News & Updates:
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Social Security won’t be able to fund full payouts by 2035; Trump administration moves to restrict visitor visas; New Medicare rule reduces payments to outpatient hospital clinics; New U.S. home reach 16-month high.
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GOP Senators author paid parental leave legislation funded by social security; GOP Senators introduce bill to constrain presidential emergency power; White House considers student loan reform; Construction spending posts big gains; Wholesale inflation remains lackluster.
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Democrats reveal a new proposal that would alter social insurance policies in the interest of people like the American elderly; A source close to the White House negotiations claims that the failure to establish wall funding would force President Trump to declare a state of emergency at the border; Data from JP Morgan on the international trade indicates the slowest amount of growth in two years.
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The White House will submit its budget proposal to Congress on Tuesday as President Trump is abroad on his trip to the Middle East and Europe. The proposal is expected to include large cuts to the EPA and social safety net programs while increasing spending on national security, border protection, and infrastructure. This is right after the Federal Reserve has released its annual survey of U.S. households, which found that households with higher education are continuing to improve, however, those high school or less education are increasingly struggling.
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Faculty Affiliate Olivia S. Mitchell writes for Forbes on annuities in retirement plans. According to her research, including well-designed longevity annuities as defaults in 401k plans and IRAs would make most workers better off. Putting the pensions back into retirement plans is a sensible way to manage retirement risk.
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