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The Latest Breaking News from Marc Goldwein

How Much a Middle-Class Social Security Check Will Decrease If Funds Run Out

If nothing is done to stop Social Security cuts from happening, here's how much middle-class benefits are projected to decrease if funds run out.

GOBankingRates

Checking the math on White House, GOP claims about ‘Big Beautiful Bill’ - Roll Call

Republicans say the 'big beautiful bill' will reduce the deficit, but economists say making the tax cuts permanent will do the opposite.

Roll Call

Trump’s policies could drain Social Security in just six years, report warns

Retirement program might be forced to cut checks as early as 2031 under Trump’s proposed agenda

The Independent UK

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The next president's $4 trillion problem

Republicans' tax cuts and Democrats' enhanced ACA subsidies both expire in 2025.

Axios

Debt limit deal is in place, but budget deficit is still a multi-decade challenge for US government

Even with new spending restraints included in the congressional debt limit deal, the U.S. government’s deficits are still on course to keep climbing to record levels over the next few decades

The Independent UK

Is it fair to forgive student loans? Examining 3 of the arguments of a heated debate

President Biden's plan to forgive hundreds of billions of dollars in student debt will help millions – but it's also raising concerns about inflation, economic fairness and college tuition costs.

WEKU

Hot Take: Will Biden's Student Loan Forgiveness Drive Inflation Higher?

Student loan forgiveness has become a reality for the roughly 48 million Americans currently in debt. President Joe Biden said in a speech on Wednesday the student loan payment moratorium would be continued for one final time through Dec. 31.

Benzinga

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Student loan crisis awaits new generation despite Biden plan

President Joe Biden’s student loan cancellation offers a life-changing financial break for millions of Americans

The Independent UK

Battle erupts over claim Manchin bill raises middle-class taxes

Official analysis suggesting it won’t just be the wealthy that end up paying tax hikes included in the latest version of Democrats’ long-term economic agenda has ignited a partisan messaging battle with potential consequences for November elections.

Tribune News Service

Jon Stewart Accuses GOP of 'Cruelty' for Wanting Minor Amendments to Pricey Veterans' Bill

Senate Republicans have raised reasonable objections that legislation covering veterans' health conditions linked to toxic burn pits will allow for more spending on unrelated items.

Reason

EXPLAINER: How Biden's proposed gas tax holiday would work

Facing stubbornly high gas prices that average about $5 a gallon nationwide, President Joe Biden has urged Congress to suspend federal gasoline and diesel taxes for three months

People

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Senate Finance Committee

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