The Latest Breaking News from Social Security

Rep. Vern Buchanan is pitching a sharp pro-business focus as he seeks the top Republican spot on the House Ways and Means Committee

Social Security is known as the third rail of politics. President Joe Biden has pounced on all who dare even think about curtailing the retirement program. In fact, this week cash-strapped retirees will get the biggest cost-of-living increase in 40 years, an 8.7% boost to protect them from inflation.

Vote represents long-shot effort to compel former president’s testimony – follow the latest

Prices rose by 0.4 percent in September, faster than economists expected and indicating that rising interest rates aren't getting the job done.

Social Security beneficiaries are set to get the largest boost to their benefits in four decades.

This is the biggest increase in benefits in 40 years and will come out to an average of an additional $140 per month.

Tens of millions of retirees and disabled workers will see benefits rise by 8.7 percent in 2023, the Social Security Administration reported.

Retirees and others who rely on Social Security will see a large boost in benefits next year, with the average benefit rising by $141 per month, as inflation stays above 8%.

Rep. Jason Smith invokes a populist image for the GOP as he seeks the top Republican spot on the House Ways and Means Committee.