Money Flows As Social Security Heats Up
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All the tactics of a political campaign &#151; TV ads, grass-roots organizing, town hall meetings and polling &#151; are being tapped to influence opinion and pressure lawmakers in the explosive debate on Social Security.
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President Bush&#39;s victory in Tuesday&#39;s election is shaping up as a potential bonanza for Wall Street, where firms are salivating about the possibility that he will follow through on his pledge to allow private investment of Social Security funds.
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Bumps on the road to retirement smooth themselves out.
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Presidential candidates are scrambling to pad their bank accounts before the end of the third financial quarter on Sunday, loading up on cash for a big-spending three-month dash to the first votes in 2008.
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Whoever wins the election may have to make tough choices about Social Security's finances.
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Under the White House Social Security plan, workers who opt to divert some of their payroll taxes into individual accounts would ultimately get to keep only the investment returns that exceed the rate of return that the money would have accrued in the traditional system.
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If your on Social Security, expect fatter checks next year as benefits rise nearly $25 a month. The government today reports more than 47 million Americans will start seeing the increase in their January checks, but some say that money won`t go far.
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WASHINGTON - More than 47 million Americans receiving Social Security will get a 2.7 percent increase - an extra $25, on average - in their monthly checks next year, but much of the increase will be eaten up by higher Medicare premiums.    The Social Security Administration announced the cost-of-living adjustment Tuesday, and the increase will start showing up in checks in January...
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Social Security and tax code changes could strain the federal budget. The president could use a rising GDP.
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WASHINGTON -- Interest rates on short-term Treasury securities rose in yesterday's auction. The Treasury Department sold $19 billion in three-month bills at a discount rate of 1.515 percent, up from 1.470 percent last week. An additional $17 billion was sold in six-month bills at a rate of 1.750 percent, up from 1.725 percent.
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Health plan fees are soaring and many of the nationâs early retirees are having a hard time paying the bills.
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The White House said on Monday it  would borrow money to help pay for adding personal retirement  accounts to Social Security, after ruling out tax increases to  finance a transition experts say could cost $1 trillion to $2  trillion over 10 years.
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About half of cost-of-living adjustment to Social Security benefit to go to Medicare premium hike. NEW YORK (CNN/Money) - Social Security beneficiaries will likely get about $24 a month more next year under
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Making the transition while the market churns.
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Treasury Secretary John Snow began a sales effort on Monday to drum up Wall Street support for President Bush's plans to overhaul Social Security.
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Blitz to sell politically risky remake of Social Security blasts off today.
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Starting Thursday, if you write a check, the money had better be in the account to back it up. The cash could be coming out quicker.