A federal judge on Tuesday temporarily halted the Trump administration's move to freeze federal grants, loans and other financial assistance until at least Feb. 3.
President Trump's administration instructed federal assistance agencies to halt the expenditure of all grants and loans besides those that provide direct funding to individuals needing assistance.
The government has recovered $31 million that was wrongfully paid to dead people.
President Joe Biden is set to sign a bill that will raise Social Security benefits for some pensioners, while the annual COLA will apply to all beneficiaries. These changes aim to help retirees keep up with inflation and provide extra financial support.
The bill will also eliminate the Government Pension Offset, or GPO, which reduces Social Security benefits for certain spouses, widows, and widowers.
The legislation removes two provisions that reduced retirement benefits for millions of Americans
Social Security benefits are not part of the budget process and are funded through dedicated revenue. But will they still go out?
The cost-of-living adjustments are tied to the rate of inflation as measured by the Bureau of Labor Statistics
The cooling inflation rate in the United States means smaller increases for 70 million people who are collecting benefits.
The new tax will be adjusted when Social Security recipients in some states file their federal income tax returns.
Former President Donald Trump's plan to eliminate taxes on Social Security benefits is coming under fire from economists for adding a projected $1.6 trillion in tax revenue over the next decade.
Social Security recipients will likely see the smallest cost-of-living increase in the last four years after the release of government data showing that inflationary pressures are cooling.
They were lukewarm about Harris' proposal to provide $25,000 for housing purchase assistance
"Reports of a $600 payment increase are FALSE, please be aware and don't fall for this stunt," Social Security Commissioner Martin O'Malley said in a news release.
The NIRS report highlights Americans' strong desire for pensions to address retirement anxiety.
As boomers hit "peak 65," but delaying claims until 70 maximizes benefits and requires proactive planning for a secure retirement.
It's unclear if there is an impending political battle on Capitol Hill over Social Security benefits as Republicans provide mixed messages.
U.S. Senator Rick Scott on Friday revised his plan to end all federal programs after five years to exclude the popular Social Security and Medicare programs, after enduring weeks of mounting criticism from Democrats and his fellow Republicans.
A day after his fiery second State of the Union speech, U.S. President Joe Biden zeroed in on Republican lawmakers who wanted to slash Medicare and Social Security.
Social Security will see an 8.7% hike in 2023 in response to inflation.
This increase in benefits affects 70 million Americans who collect SSA and SSI benefits.
Lori Shaffer, 53, pleaded guilty to stealing her late grandmother's social security benefits from 2013 to 2017.