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Acting head of Social Security quits after clash with DOGE over data
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Fox News, National

Acting head of Social Security quits after clash with DOGE over data

By Greg Wehner  | Fox News The acting head of the Social Security Administration (SSA) quit her job over the weekend after butting heads with the Elon Musk-led Department of Government Efficiency (DOGE), over efforts to access certain sensitive government records, according to reports. The Washington Post reported that three people familiar with Michelle King’s departure said on Monday that she stepped down from her position after the disagreement. In response to King’s departure, President Donald Trump reportedly appointed Leland Dudek to lead the agency as the president’s nominee to serve as commissioner of the SSA, Frank Bisignano, is vetted by federal lawmakers. READ THE FULL STORY AT FOX NEWS
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Major changes coming to Social Security regardless of Trump’s presence
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National, Washington Examiner

Major changes coming to Social Security regardless of Trump’s presence

By Emily Hallas | Washington Examiner In the spirit of the season, the  Washington Examiner has identified 12 issues we believe will shape and influence 2025 and beyond. The incoming Trump administration has made the fight against illegal immigration and the use of tariffs its flagship policy items. The U.S. will also possibly undergo a health revolution, while very real questions need to be answered on everything from Social Security reform to the military to the changing landscape of the energy sector. Part 3 is on Social Security. Retirees make up a larger proportion of citizens than ever before after birth rates have sunk to historic lows over the past few years, hitting below the replacement rate that is needed to sustain the United States’s population.  Nearly 73 million peo...
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Social Security payments will be affected soon by a cost of living change
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National, The Street

Social Security payments will be affected soon by a cost of living change

By Caitlin Cahalan | The Street Sixty-eight million Americans receive Social Security Insurance (SSI) payments each month, and most retirees (58%) note that Social Security is a significant source of income in retirement. Therefore, it is crucial that these payments cover basic expenses, especially during times of stubborn inflation. The federal government provides a Cost of Living Adjustment (COLA) to ensure that the purchasing power of Social Security payments isn’t diminished by inflation and the rising cost of living. The past few years of consistent inflation have prompted the Social Security Administration to seriously reevaluate the current COLA. While the COLA is adjusted annually, years of sustained inflation typically prompt higher adjustments. READ THE FULL STORY AT...
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Trump: Seniors should not pay taxes on Social Security income
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Fox Business, National

Trump: Seniors should not pay taxes on Social Security income

By Timothy Nerozzi | Fox Business Republican presidential nominee and former President Trump is showing support for making senior citizens' Social Security payments tax-free. The former president took the position via his proprietary social media platform Truth Social on Wednesday. "SENIORS SHOULD NOT PAY TAX ON SOCIAL SECURITY!" Trump wrote. It's the first time Trump has floated such a policy proposal, and the post offered no further details on how such a Social Security plan would be implemented. READ THE FULL STORY AT FOX BUSINESS
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Your Social Security COLA increase could be smaller than expected next year
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Fox Business, National

Your Social Security COLA increase could be smaller than expected next year

By Megan Henney  | Fox Business Social Security recipients are on track to receive a cost-of-living adjustment (COLA) next year that is smaller than previously expected after inflation moderated more than expected in May. Mary Johnson, a retired Social Security and Medicare analyst, estimated the adjustment could be about 3%, based on May inflation data, which showed the consumer price index was unchanged from the previous month and is up 3.3% from the same time last year. Both figures are lower than expected, suggesting high inflation is loosening its grip on the U.S. economy. READ THE FULL STORY AT FOX BUSINESS
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Greszler: Counting on Social Security to fund your retirement? Think again
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Commentary, National

Greszler: Counting on Social Security to fund your retirement? Think again

By Rachel Greszler | Heritage Foundation In just nine years, the oldest Gen-Xers will reach Social Security’s normal retirement age of 67. But they have a rude awakening when they learn that the program’s trust fund is empty, leaving it able to pay out only as much in benefits as it takes from the paychecks of those then working. That’s straight from the Social Security trustees 2024 report. It also notes that without congressional action, benefits will have to be cut by 21 percent across the board—including for those already retired—beginning in 2033. For the average beneficiary, who receives about $22,000 a year from Social Security, that 21 percent cut will translate into a loss of $4,600 per year. As Social Security benefits will grow faster than payroll taxes for the foreseea...
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