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The impact will be swift. With less than two weeks until a partial government shutdown, the House of Representatives is expected to vote on a bill today that combines a must-pass spending bill ...
The Senior Citizen's League says the average retiree's Social Security check has lost 20% of its buying power since 2010, despite COLAs that have increase those checks by about 40%.
January 16, 2023 at 12:13 PM. mphillips007 / Getty Images/iStockphoto. The U.S. is on track to reach the debt ceiling on Jan. 19 unless Congress takes action. In the past, Congress has avoided ...
In 2020, the Social Security Wage Base was $137,700 and in 2021 was $142,800; the Social Security tax rate was 6.20% paid by the employee and 6.20% paid by the employer. [1][2] A person with $10,000 of gross income had $620.00 withheld as Social Security tax from his check and the employer sent an additional $620.00.
The current Social Security COLA projection for 2025 is 2.57%, according to the Senior Citizens League. TSCL updated its 2025 COLA prediction based on July's CPI-W data, which came in at 2.9% ...
The United States federal government shutdown from midnight EST on December 22, 2018, until January 25, 2019 (35 days) was the longest government shutdown in history [1] [2] and the second [a] and final federal government shutdown involving furloughs during the presidency of Donald Trump.
The 16-day shutdown had considerable impact upon the United States: approximately 800,000 federal employees were put on furlough, while an additional 1.3 million had to report to work without any known payment dates during this period, [35] costing the government millions in back pay; [75] major government programmes concerning Native Americans ...
The new payment amounts in 2023 will reflect an increase of 8.7%, which is the highest adjustment the Social Security Administration has offered since 1981, and is the fourth biggest COLA in the ...
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