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The Latest Breaking News from Social Security

Nearly 5 million hit in massive loan data breach — see if you’re affected

Consumer lender TMX which owns TitleMax, TitleBucks and InstaLoan has disclosed a data breach after hackers gained access to its systems.

Tom’s Guide

Social Security, Medicare funds face depletion within a decade - Roll Call

Social Security’s finances worsened over the past year while Medicare's improved slightly, according to government actuaries.

Roll Call

New payment set to replace Attendance Allowance next year could include mobility element for older people

Pension Age Disability Payment will provide financial support for over 123,700 pensioners living in Scotland.

Daily Record

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Can My Pension Trigger a Retirement Tax Bomb?

Key planning strategies like asset location and Roth conversions can dramatically reduce the taxes you pay throughout retirement and your heirs’ tax liability.

Kiplinger

Brickbat: Dead Again

In 2018, Jaxen Dyson's father died. Despite having only a last name in common with his dad, the Social Security Administration declared Jaxen dead. It took her several months, but Jaxen's mother thought she'd cleared the matter up. She even got a letter from the Social Security Administration saying Jaxen…

Reason

Humza Yousaf refuses to apologise for appointing minister for independence at FMQs

The Scottish Tory leader criticised the new FM for handing Jamie Hepburn the role while getting rid of posts for social security and tourism.

The National (Scotland)

Budget blueprint may take a back seat to debt limit in House - Roll Call

House Budget Chairman Jodey C. Arrington said Congress needs to lift the debt ceiling and impose fiscal controls “immediately".

Roll Call

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Scots can request £50 winter heating payment if money does not show in account by end of week

Social Security Scotland said that all automatic payments have now been processed.

Daily Record

Poll: Cut federal spending — but not big-ticket programs

In the federal budget standoff, the majority of U.S. adults are asking lawmakers to pull off the impossible: Cut the overall size of government, but also devote more money to the most popular and expensive programs

The Independent UK

Protect Your Retirement: Seven Things You Can Do Right Now

Whether you’re preparing to retire or already retired, a proactive plan is critical to help safeguard your retirement, especially amid uncertainty.

Kiplinger

A grab-bag of mass appeal promises

Ahead of the May 14 election, parties are outlining populist policies, with few bothering to spell out how they will fund them.

Bangkok Post

To Balance the Budget, Republicans Must Cut Military Spending, Trim Entitlements, or Raise Taxes

If Republicans refuse to gore their three sacred cows, a new CBO report shows that balancing the budget is literally impossible.

Reason

Devolved benefits and payments only available to people in Scotland set to increase next month

Scottish Child Payment has already increased to £25 per week for every eligible child.

Daily Record

The fight over the debt ceiling could sink the economy. This is how we got here

Once upon a time, raising the nation's borrowing limit was considered a fairly routine vote. Today, Biden and the GOP are on a partisan collision course that risks landing the U.S. in default.

WEKU

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Manchester Evening News

DWP change will see thousands fast-tracked for disability benefits including PIP and DLA

The Social Security (Special Rules for End of Life) Bill will allow people to quickly claim benefits up to 12 months in advance if they are diagnosed terminally ill

Tribune News Service

Chicken-or-egg game is on as Congress barrels toward debt limit

WASHINGTON — A House budget resolution will be delayed in part to allow for negotiations with President Joe Biden on a debt limit increase paired with some sort of concessions on spending and other policies acceptable to Republicans, according to House Budget Chairman Jodey C. Arrington.

The Independent UK

Going ahead with tougher sanctions for benefit claimants ‘foolish and unfair’

A think tank warned that more people on social security are at risk of hardship and destitution if their payments are cut.

The Independent UK

Pence seeks 'common sense' Social Security, Medicare reform

Former Vice President Mike Pence is calling for “common sense and compassionate solutions” to reform entitlement programs and the nation’s debt burden

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Kiplinger

The Best Places to Retire in the World

When it comes to the best places to retire in the world, which country is at the top of the list? And where does the U.S. feature on the leaderboard? We investigate.

Tribune News Service

Scott Burns: Can you live on Social Security benefits and nothing else in Texas?

Is it possible to live on Social Security benefits and nothing else?

Daily Record

New update on devolved disability payment processing times for people waiting on decision

Some 60% of nearly 20,000 new applications were approved for an award of up to £627 a month by January 2023.

Daily Record

Carer’s Allowance set to be replaced by new payment before end of this year

A full rollout of the new devolved benefit is expected to begin across Scotland in Spring 2024.

Tribune News Service

Debt limit breach would be ‘devastating’ for banks, Yellen says at hearing

WASHINGTON — Treasury Secretary Janet L. Yellen told senators on Thursday that the banking system remains sound in the aftermath of Silicon Valley Bank's collapse. But she warned that failure to raise the debt limit in time would be devastating for banks after the turmoil.

Roll Call

Yellen: Debt limit breach would be 'devastating' for banks - Roll Call

Treasury Secretary Janet L. Yellen told senators on Thursday that the banking system remains sound despite Silicon Valley Bank's collapse.

The Conversation

Why it's hard for the US to cut or even control Medicare spending

President Joe Biden’s 2024 proposed budget includes plans to shore up the finances of Medicare, the federal health insurance program that covers Americans who are 65 and up and some younger people with disabilities.

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