Plan would also give program a financial “shoring up.” Representative Peter DeFazio of Oregon and Senator Bernie Sanders of Vermont introduced the Social Security Expansion Act. Social Security recipients…
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President Responds to Strong Jobs Report for May
He says the U.S. can address inflation from a “position of strength.” On Friday, President Biden praised the May jobs report as evidence of the economy’s underlying strength.…
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Social Security Checks Could See Big Increase
Experts say checks could jump 8.6 percent. Seniors and other people who rely on Social Security benefits could see their biggest cost-of-living adjustment since 1981 next year, with…
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Fastest Rate Hikes in Decades Coming from Federal Reserve
Latest attempt to fight inflation. The Federal Reserve is poised this week to accelerate its most extreme steps in three decades to attack inflation by making it costlier…
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Weekly Unemployment Claims Lowest in 52 Years
Continuing claims also decrease. According to the report from the Department of Labor on Thursday, fewer people are receiving unemployment benefits now than they have in over half…
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Inflation Rises to 8.5 Percent in March
Greatest increase in 41 years. The latest Consumer Price Index numbers show inflation is climbing even higher, making it more difficult for Americans to pay their bills and…
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Inflation Reaches 40-Year High
Energy costs among the highest causes. The Labor Department released February’s consumer price index last week, a data set economists use to gauge the rate of inflation. In…
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Grocery Prices Expected to Rise Again
President Biden is re-tooling his economic to-do list. The Bureau of Labor Statistics report indicates that prices across a range of goods and services rose 7 percent between…
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Inflation Reaches Historic Levels
Highest amount since 1982. The Labor Department released the Consumer Price Index (CPI) for December on Wednesday, reporting a 0.5% increase in pricing overall in the last month.…
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Defense Department to Give Pay Raise to Retirees
Adjustments made to accommodate new cost of living. Last week, the U.S. Department of Defense announced that they would be giving a pay increase to veterans and survivors…
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