Social Security Gets 2.7 Percent Boost
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Social Security benefits for more than 47 million Americans will increase 2.7 percent next year, the government announced today. But higher Medicare premiums will take
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The 0.2pc increase was slightly faster than expected. Economists had predicted the LEI would rise 0.1pc in the month. &quot;Although the LEI has declined for nearly half the year, the declines were relatively modest
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A survey conducted by the Brazilian Census Bureau indicates the country&#39;s economy expanded by 5.7 percent in the second quarter, exceeding analysts&#39; expectations.
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US mutual fund assets grew by 3.6 percent to $7.92 trillion in November, lifted by higher stock prices and a near-doubling of new investments from a month earlier, the Investment Company Institute said in a report.
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The spate of Âaward calculations,Â as the rebuilding program calls them, represents a big increase from early last month, when fewer than 2,000 families had been told how much they were eligible to receive.
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Economic growth picked up slightly in the second quarter of 2007, official data showed Friday, but analysts forecast slower expansion later this year owing to recent interest rate hikes.
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The Bush administration spent at least $2.8 million traveling around the country promoting its plan to let many people divert a portion of their Social Security taxes into private retirement accounts, congressional investigators said Friday.
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The Federal Reserve raised the benchmark US interest rate Wednesday by a quarter of a percentage point to 2 percent, citing a stronger labor market with a gain of 337,000 US jobs last month.
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Sales of existing U.S. homes  unexpectedly rose by 2.7 percent in November as low mortgage  rates fueled a record pace of home-buying, a trade association  report showed on Wednesday.
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The US Federal Reserve raises interest rates to 2.25%, the fifth increase this year.
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Health insurance premiums for federal employees and retirees will increase by an average of 2.1 percent next year, the Office of Personnel Management announced this afternoon.
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WASHINGTON - The cost of living adjustment intended to help more than 47 million Social Security recipients keep up with inflation is expected to be a tad larger in 2005 than it was this year, but the bad news is that much of the increase will be eaten up by higher Medicare premiums.    The Social Security Administration was announcing the new cost of living adjustment, or COLA, Tuesday, but in advance of the release many private economists were predicting a gain of slightly better than 2.5 percent, which would be up from the increase Social Security recipients received at the beginning of this year of 2.1 percent...
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U.S. business productivity grew at   an upwardly revised 1.6 percent annual rate in the second   quarter, the government said on Wednesday in a report that   showed worker compensation rising much more swiftly than   earlier estimates.
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Consumer spending rose at the fastest rate in more than two years in November and prices also climbed sharply, according to a government report on Friday that showed the economy on firmer ground than many had believed.
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The Commerce DepartmentÂs revised estimates for the third quarter show gross national product expanding at a 2.2 percent annual rate.
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The economy grew at a 3.7 percent annual rate in the third quarter _ a pace slightly better than in the spring but not as strong as many analysts expected.
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U.S. personal spending jumped a much  bigger-than-expected 1.1 percent in November, the sharpest rise  in more than two years, while prices rose, a Commerce  Department report showed on Friday.