SOCIAL SECURITY

At Issue: U.S. Budget Deficit

Obama Tax Plan: ‘This Is Not Class Warfare, It’s Math’

President Barack Obama has thrown down the gauntlet regarding the deficit reduction process -- the only question is, does he have the support of the American people to enact his budget vision, or is substantive action unlikely prior to the 2012 election, due to divided government?
More news
IBTimes Logo

Jobless claims edge down last week

New laims for unemployment benefits were little changed last week, a government report showed on Thursday, pointing to a marginal improvement in the labor market.
At Issue: Social Security

Social Security Payment Increases - Debt Deal Casualty?

Baby Boomers - the size of your Social Security payment may be lowered, if the current mood in Congress prevails. That's because 'Gang of Six' debt deal plan negotiators want to change the inflation/cost of living formula -- a change that would result in smaller annual payment increases for inflation.
House Republican Leadership

Cantor Gives 'Gang of Six' Plan Mixed Review

The Gang of Six group of U.S. senators was finally able to agree to a deficit-reduction plan on Tuesday, but House Majority Leader Eric Cantor, R-Va., only give it a mixed review, citing his concern about the plan's revenue target while saying it proposes some constructive ideas.
IBTimes Logo

Obama: Social Security Checks Could Stop, if No Debt Deal

The rhetoric is getting hot and heavy inside the beltway regarding the debt talks. On Tuesday, the Republicans essentially said the Democrats haven't offered a viable debt deal proposal and President Obama said Republican reluctance to compromise could prevent senior citizens from receiving Social Security payments on August 3.
U.S. President Barack Obama

Debt Talks: Obama Open to Social Security, Medicare Cuts

President Barack Obama has shifted his strategy in debt talks with Republicans, offering a substantially larger deficit reduction package that would include cuts to Medicare and Social Security in exchange for eliminating tax breaks.
Six Out of Ten People With Dementia Go Undiagnosed: New £2m Ad Campaign Launched

In Reversal, AARP Backs Social Security Cuts

The American Association of Retired Persons has announced it is open to cutting Social Security benefits, a change of course for the politically influential organization that could bolster efforts for entitlement reform.
IBTimes Logo

Geithner: Cut corporate tax rate substantially

Treasury Secretary Timothy Geithner said on Tuesday that the United States needs to cut the corporate tax rate substantially with a goal in the high 20 percent range, down from the current 35 percent. A day after the White House unveiled a budget that seeks to trim the country's massive deficit, Geithner reiterated that the Obama administration
An American Express sign is seen on a restaurant door in New York

ID theft in US declined 28 pct last year

The number of identity fraud incidents decreased by more than a quarter in the US last year, recording the lowest levels since 2007, said a survey by Javelin Strategy & Research.
Has Libyan dictator Gaddafi muted Obama?

White House proposes unemployment aid for states

President Barack Obama will propose giving financial relief to U.S. states struggling with high unemployment insurance debt, the White House said on Tuesday, hoping that a lifeline now will avoid bailouts later.

S&P downgrades Japan debt rating

Ratings agency Standard & Poor’s has downgraded the sovereign credit rating of Japan, the third-biggest economy in the world, to AA- from AA.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.