WASHINGTON, Dec 10- The modest $85 billion U.S. budget deal reached in Congress on Tuesday gives both Democrats and Republicans something to brag about. But airline travelers, newly hired federal employees and some military retirees would lose out in the agreement to be presented to Congress for approval in the next two weeks.» Read More
The Obama administration said budget negotiators in Congress would probably fail to strike a deal unless Republicans agree to raise revenues.
The history of federal health care is a tale of the hazards of presenting changes to consumers who might not want them. Take the 1989 Medicare law. The New York Times reports.
Republican efforts to stop Obamacare are a throwback to past efforts by former lawmakers to stop other federal entitlement programs. The New York Times reports.
CNBC's Eunice Yoon investigates the need for improved social safety nets, and the people who fall through the cracks.
CNBC's Sue Herera reports veterans who wait to claim Social Security benefits until they are 70 will increase their benefit by 8 percent a year. And 30 percent of veterans surveyed were unaware they could claim Social Security and military retirement at the same time.
Now the COLA figures for Social Security, Medicare and limits on contributions to retirement savings accounts have been released. It will be a year of moderate Social Security benefit bumps, flat Medicare premiums and status quo for retirement savers.
Social Security benefits will rise only 1.5 percent next year.
Organized labor is making it clear it opposes any idea involving social security, Medicare and Medicaid cuts. Damon Silvers of AFL-CIO, shares his opinions. "We are not going to give cover to Democrats who think it's a good idea to take away economic security to our most vulnerable citizens," he says.
More workers are delaying their retirement plans and embracing the fact that retirement won't necessarily mark a complete exit from the workforce.
Social Security recipients won't get much of a raise next year. Is government underestimating how much it costs seniors to pay the bills?
Millions of recipients, disabled veterans and federal retirees can expect historically small increases in their benefits come January.
CHICAGO, Oct 11- There's a reason why 401 and individual retirement accounts are called "tax deferred." "RMDs are a double straitjacket," says Christine Fahlund, senior financial planner and vice president of T. Rowe Price Investment Services. " Like it or not, this is the time of year to think about RMDs, since in most cases they must be taken by Dec. 31.
Treasury Secretary Jack Lew says there is no good solution or contingency plan if Congress fails to raise the debt ceiling.
Treasury Secretary Jack Lew addresses the debt ceiling deniers and says this situation is like instead of making a mortgage payment, having to pay the entire mortgage.
Treasury Secretary Jack Lew says we've seen stability in both the short and long term but the market remains delicate.
Treasury Secretary Jack Lew testifies that if Congress creates an artificial crisis, retirees will sustain losses on their investments that they won't be able to make it up.
Treasury Secretary Jack Lew says the President has made it clear he is looking for a balanced approach to entitlement reform and tax reform to settle fiscal matters.
Treasury Secretary Jack Lew testifies that changing systems to only pay some of the country's bills is nearly impossible because we've always paid our bills on time.
Treasury Secretary Jack Lew testifies that the only way to avoid inflicting further damage to the economy is for Congress to act to raise the debt ceiling and re-open the government.
CNBC's Steve Liesman reports Treasury Secretary Jack Lew will testify that toying with the debt ceiling is irresponsible and that there's no way to "prioritize" the payments the government makes.