The additional amount averages $140 per month. The Social Security Administration announced that Social Security benefit payments will be increasing by 8.7 percent in 2023. This will raise…
Read MoreCost of Living
HHS Announces $4.5 Billion for Winter Heating Costs
The program helps subsidize heating for over 5 million households The Department of Health and Human Services has announced $4.5 billion to help low- to middle-income families pay…
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FTC Explores Reduction of Junk Fees
Extra, unnecessary charges are common in multiple industries. The Federal Trade Commission (FTC) opened public comments this week to inform potential policies against junk fees. Junk fees are…
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President Calls for Increased U.S. Oil Production
White House plans to restock emergency reserves. On Wednesday, President Biden announced a plan he claims will produce a “profit for taxpayers” and it includes increased production from…
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President Plans More Strategic Oil Reserve Releases
Will give out 10 to 15 million barrels between now and midterms. Earlier this week, President Biden suggested he would announce new actions to address rising gas prices,…
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Over the Counter Hearing Aids on Sale at Retailers
Under the FDA approval, hearing aids can be bought without medical exams or prescriptions. Lower-cost hearing aids have been made available over the counter for the first time…
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Social Security Benefits Up 8.7% in 2023
The highest increase in four decades is in response to inflation. Social Security checks will be 8.7% higher beginning in January, the largest cost of living adjustment benefits…
Read MoreAugust Inflation Higher Than Expected
Food prices rising faster than other items. The Bureau of Economic Analysis released data on inflation for August which showed the personal consumption expenditure (PCE), excluding food and…
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Secretary Austin Pledges Care for Service Member Families
Releases memo and memorandum outlining effort details. Secretary of Defense Lloyd Austin published a memo last week, along with a memorandum issued by the Department of Defense, outlining…
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Federal Reserve Board Meets in Wyoming
Chairman Powell says efforts to reduce inflation will “bring some pain.” Members of the Federal Reserve have been meeting in Jackson Hole, Wyoming, and on Friday, Chairman Jerome…
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