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The Latest Breaking News from Social Security

Editorial: Can a dysfunctional Congress rescue Social Security and Medicare from disaster?

For all of this week’s focus on Donald Trump’s legal travails — and the breathless commentary and speculation surrounding it from all quarters — there was significantly less ink spilled on what looms as a far more consequential development, at least in the long-term and for average Americans contemplating a…

Tribune News Service

Every indictment will make Trump stronger – and Republicans wilder

Rupert Murdoch, the Koch network and other rightwing power brokers know the monster they created is now out of control

The Guardian - US

Social Security Optimization If You Save More Than $250,000

When you choose to take benefits will make a difference in how your income and assets play out over many years. Let’s explore some scenarios.

Kiplinger

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Trump vs. DeSantis: A timeline of Florida’s hottest political feud

TAMPA, Fla. — Former President Donald Trump and Gov. Ron DeSantis seem destined to battle for the 2024 Republican presidential primary. Even though DeSantis has not yet announced his candidacy, there’s a new controversy between the two men seemingly every day. This timeline, which we plan to update frequently in…

Tribune News Service

Social Security Will Be Insolvent by 2033

New data from the program's trustees show that insolvency will hit a year sooner than previously expected, giving policy makers just a decade before automatic benefit cuts occur.

Reason

Social Security is now expected to run short of cash by 2033

Policymakers will need to patch the Social Security program by 2033 to avoid draconian cuts in benefits, a year earlier than had been predicted. A trust fund for Medicare will run out of cash by 2031.

WEKU

Social Security insolvency seen coming a year earlier than before

WASHINGTON — The Social Security system’s retiree fund will be able to fully pay scheduled benefits until 2033, one year earlier than reported last year.

Tribune News Service

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Nearly 5 million hit in massive loan data breach — see if you’re affected

Consumer lender TMX which owns TitleMax, TitleBucks and InstaLoan has disclosed a data breach after hackers gained access to its systems.

Tom’s Guide

Social Security, Medicare funds face depletion within a decade - Roll Call

Social Security’s finances worsened over the past year while Medicare's improved slightly, according to government actuaries.

Roll Call

New payment set to replace Attendance Allowance next year could include mobility element for older people

Pension Age Disability Payment will provide financial support for over 123,700 pensioners living in Scotland.

Daily Record

Can My Pension Trigger a Retirement Tax Bomb?

Key planning strategies like asset location and Roth conversions can dramatically reduce the taxes you pay throughout retirement and your heirs’ tax liability.

Kiplinger

Brickbat: Dead Again

In 2018, Jaxen Dyson's father died. Despite having only a last name in common with his dad, the Social Security Administration declared Jaxen dead. It took her several months, but Jaxen's mother thought she'd cleared the matter up. She even got a letter from the Social Security Administration saying Jaxen…

Reason

Humza Yousaf refuses to apologise for appointing minister for independence at FMQs

The Scottish Tory leader criticised the new FM for handing Jamie Hepburn the role while getting rid of posts for social security and tourism.

The National (Scotland)

Budget blueprint may take a back seat to debt limit in House - Roll Call

House Budget Chairman Jodey C. Arrington said Congress needs to lift the debt ceiling and impose fiscal controls “immediately".

Roll Call

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Daily Record

Scots can request £50 winter heating payment if money does not show in account by end of week

Social Security Scotland said that all automatic payments have now been processed.

The Independent UK

Poll: Cut federal spending — but not big-ticket programs

In the federal budget standoff, the majority of U.S. adults are asking lawmakers to pull off the impossible: Cut the overall size of government, but also devote more money to the most popular and expensive programs

Kiplinger

Protect Your Retirement: Seven Things You Can Do Right Now

Whether you’re preparing to retire or already retired, a proactive plan is critical to help safeguard your retirement, especially amid uncertainty.

Bangkok Post

A grab-bag of mass appeal promises

Ahead of the May 14 election, parties are outlining populist policies, with few bothering to spell out how they will fund them.

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Reason

To Balance the Budget, Republicans Must Cut Military Spending, Trim Entitlements, or Raise Taxes

If Republicans refuse to gore their three sacred cows, a new CBO report shows that balancing the budget is literally impossible.

Daily Record

Devolved benefits and payments only available to people in Scotland set to increase next month

Scottish Child Payment has already increased to £25 per week for every eligible child.

WEKU

The fight over the debt ceiling could sink the economy. This is how we got here

Once upon a time, raising the nation's borrowing limit was considered a fairly routine vote. Today, Biden and the GOP are on a partisan collision course that risks landing the U.S. in default.

Manchester Evening News

DWP change will see thousands fast-tracked for disability benefits including PIP and DLA

The Social Security (Special Rules for End of Life) Bill will allow people to quickly claim benefits up to 12 months in advance if they are diagnosed terminally ill

Tribune News Service

Chicken-or-egg game is on as Congress barrels toward debt limit

WASHINGTON — A House budget resolution will be delayed in part to allow for negotiations with President Joe Biden on a debt limit increase paired with some sort of concessions on spending and other policies acceptable to Republicans, according to House Budget Chairman Jodey C. Arrington.

The Independent UK

Going ahead with tougher sanctions for benefit claimants ‘foolish and unfair’

A think tank warned that more people on social security are at risk of hardship and destitution if their payments are cut.

The Independent UK

Pence seeks 'common sense' Social Security, Medicare reform

Former Vice President Mike Pence is calling for “common sense and compassionate solutions” to reform entitlement programs and the nation’s debt burden

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