Budget Battles
-
Trump Announces Another Shocking Cabinet Choice: RFK Jr. for HHS
-
Trump’s Stunning Staffing Picks Set Off Political Shockwaves
-
Johnson Says This Could Be ‘Most Consequential Congress’ of Modern Times
-
Trump Preps for Immigration Crackdown With Key Appointments
-
Trump Names His New Chief of Staff
-
Trump Storms to a Second Term
-
The Defining Numbers of the 2024 Election
-
Medicaid Enrollment Drops 7.5%, Expected to Fall Further
By Michael RaineyThe Medicaid rolls declined by 7.5% in fiscal year 2024, the nonpartisan policy research group KFF reported this week in its annual survey of state Medicaid directors. The decline is expected to...
-
Trump Proposals Could Lead to a 33% Cut in Social Security Benefits
By Michael RaineySocial Security will be forced to cut benefits by an estimated 23% in 10 years if Congress fails to prop up the program’s trust funds before then, but a new analysis from a budget watchdog group...
-
Social Security Benefits to Rise 2.5% in 2025
By The Fiscal Times StaffSocial Security recipients will receive a 2.5% cost of living adjustment in 2025, the Social Security Administration announced Thursday. It’s the smallest increase in four years, reflecting the...
-
Trump Economic Plans Would Cost More Than $4 Trillion: Analysis
By Michael RaineyAn array of tax and spending proposals put forth by former President Donald Trump would raise the federal budget deficit by more than $4 trillion over the next 10 years, according to an analysis by...
-
Trump’s Social Security Tax Plan Would Cost $1.5 Trillion: Analysis
By Michael RaineyFormer President Donald Trump suggested this week that he wants to repeal the income tax on Social Security benefits. “SENIORS SHOULD NOT PAY TAX ON SOCIAL SECURITY!” he posted on his social media...
-
Trump’s Republican Platform Drops Any Mention of National Debt
Ahead of the Republican National Convention in Milwaukee next week, the GOP on Monday published its 2024 platform — a 16-page outline of the party’s policy positions for a second Trump term. The...
-
Social Security, Medicare Get Modest Boost From Strong Economy
By Michael RaineySolid economic growth in the wake of the pandemic has strengthened some of the nation’s leading social safety net programs, as robust employment increases the flow of payments into the Social...
-
BlackRock CEO Warns of a Retirement Crisis
Larry Fink, the billionaire chairman and CEO of investing giant BlackRock, warns in a newly published annual letter to shareholders that it’s time to rethink retirement savings in aging countries...
-
House Republican Caucus Calls for Raising the Social Security Retirement Age
By Michael RaineyThe Republican Study Committee, the largest conservative caucus in the House, released on Wednesday a 2025 budget proposal that would slash healthcare spending, raise the Social Security retirement...
-
Biden Proposes a $7.3 Trillion Budget for 2025
President Biden on Monday proposed a $7.3 trillion budget for fiscal year 2025 that seeks to lower the costs of prescription drugs, child care and housing while also cutting the deficit by $3...
-
Social Security Benefits Headed for Biggest Bump in 40 Years
With inflation running at an 8.3% annual rate as of August, Social Security beneficiaries are set to receive the largest cost-of-living adjustment in four decades. Based on government data released...
-
As Social Security Turns 87, Democrats Warn GOP Wants to ‘Put It on the Chopping Block’
By The Fiscal Times StaffPresident Franklin D. Roosevelt signed the Social Security Act into law on August 14, 1935, and Democratic leaders on Monday celebrated the 87th anniversary of that monumental event – while warning...
-
Social Security Benefits Set for a Huge Boost in 2023: Analysis
Social Security’s annual cost of living adjustment for 2023 will be the highest in four decades, according to projections from the Committee for a Responsible Federal Budget. While benefits this year...
-
Rick Scott Drops Tax Hike Plan That Drew Bipartisan Backlash
Republican Sen. Rick Scott of Florida on Thursday revised his proposed agenda for the GOP and ditched language that had called for all Americans to “pay some income tax to have skin in the game.”...
-
Save Social Security by Taxing the Rich? Democrats Have a Plan
By Michael RaineyThe Social Security trustees announced last week that the program’s trust fund will be depleted in 2035, at which point benefits would be cut by 20%, assuming Congress does nothing to alter its...