CHICAGO— A Cook County judge on Friday threw out a 2014 law aimed at reducing multibillion-dollar shortfalls in two Chicago pension funds, a decision city officials have said could leave the retirement accounts insolvent in a little more than a decade or lead to massive tax increases. "While we are disappointed by the trial court's ruling, we have always...» Read More
President Obama has called for ending a tax loophole that costs Medicare and Social Security millions of dollars. Here's how it works.
By delaying payments, you can increase your yearly distribution by 8 percent. Diahann Lassus shares her advice on ways to maximize your Social Security distribution.
The White House said people hoping to enroll in health coverage for March 1 may have trouble applying near the deadline because of a planned shutdown.
The IRS says last year there was a 66 percent increase from 2012 in tax fraud from Social Security identity theft of nearly $50bln in refund claims.
Former NYC police, firefighters and other city workers faked mental disabilities to defraud Social Security benefits, NBC 4 New York reports.
The Obama administration says the government may not be able to pay its bills as soon as February if lawmakers do not raise the federal debt ceiling.
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.
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.
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.