Retirement
from24/7 Wall St.
5 days agoNew Inflation Report Resets Social Security COLA Expectations
Social Security's 2027 COLA is projected at 2.8%, matching 2026's increase, though inflation data suggests no larger raise despite seniors' hopes.
#economic-projections
#economic-projections
[ follow ]
US Elections
fromFortune
1 week agoThe Treasury may need to borrow extra $1.6 trillion to cover the hole left by tariff ruling, says CBO-adding $400 billion in debt interest by 2036 | Fortune
Supreme Court ruled most 2025 tariffs illegal, eliminating $300 billion in annual Treasury revenue and increasing projected deficits by $2 trillion over a decade.
fromFortune
1 week agoInterest on the $38.8 trillion national debt has tripled since 2020 and it already costs taxpayers more than defense and Medicaid | Fortune
The United States is now paying nearly $970 billion a year just to service the interest on its $38.8 trillion national debt - a figure that has nearly tripled since 2020 and already exceeds what the federal government spends on national defense or Medicaid, according to a February analysis by the Committee for a Responsible Federal Budget (CRFB).
Retirement
fromLondon Business News | Londonlovesbusiness.com
8 months agoUS Dollar stable ahead of Fed decision amid geopolitical and policy uncertainty - London Business News | Londonlovesbusiness.com
Markets currently price in two rate cuts by year-end. US Treasury yields were little changed, with the 10-year note holding steady near 4.4%, as traders awaited clarity from the Fed.
US politics
[ Load more ]