Here's how much your Social Security benefits could be cut without a fix
CBSN
Social Security is edging closer to a financial cliff that could eventually lead to sharp benefit cuts for 70 million Americans, with a typical couple facing an annual payment reduction of $16,500 in 2033, according to a recent analysis from the Committee for a Responsible Federal Budget.
A middle-income single worker would see their benefits cut by $8,200 per year, according to the group, a nonpartisan advocacy organization focused on fiscal issues.
The analysis is based on a dual-income couple with medium career earnings, or individual annual pay of about $63,000 a year. Notably, it also assumes that the Social Security system isn't repaired before its trust fund is projected to become insolvent in 2033 — an outcome many experts have long said is unlikely given the political consequences to both parties of slashing benefits.
Three Boar's Head deli meat plants were cited for unsanitary conditions, including insects, mold, and "unidentified slime," according to newly released federal records. The new findings suggest that sanitation problems were not limited to the company's factory that was shut down last year following a deadly listeria outbreak.
Consuming more than one drink a day results in a steep increase of the risk of premature death, a new federal review has concluded. The draft report was published Tuesday ahead of a major update to influential federal guidelines on how much alcohol Americans should drink.
Washington — The House on Tuesday passed a Republican measure banning transgender girls and women from competing on school sports teams that match their gender identity after the party leaned into the issue during the 2024 campaign.
Meta plans to cut 5% of its workforce, or about 3,600 workers, with the social media giant focusing on eliminating low-performing employees.
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President-elect Donald Trump says he'll establish a new federal agency to collect tariffs, duties and all other foreign revenue, seemingly carving out responsibilities that are currently handled by the Commerce Department, the U.S. Trade Representative and U.S. Customs and Border Protection.
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This winter's wave of norovirus infections has reached levels that are now more than double last season's peak, in figures published Monday by the Centers for Disease Control and Prevention tracking the notorious stomach bug.
President Joe Biden announced Monday that two of the Navy's future aircraft carriers will be named for former commanders-in-chief Bill Clinton and George W. Bush.
TikTok faces a possible ban in the U.S. later this month if a law that could require the social media app's Chinese owner, ByteDance, to part ways with the platform takes effect as scheduled on Jan. 19.
Attorney General Merrick Garland has submitted to Congress a portion of former special counsel Jack Smith's final report on his investigations into President-elect Donald Trump after a court order blocking its release expired at midnight Tuesday, according to a source familiar with the matter.
Harris declines to invite Vance for courtesy visit to vice president's residence before inauguration
When JD Vance, his wife Usha and their three young children move into the Naval Observatory residence on Jan. 20, it will be their first time inside the white Queen Anne-style mansion that has been home to vice presidents since the 1970s.
The Santa Ynez Reservoir, a 117-gallon water resource near the Pacific Palisades, was under renovation and empty when fires tore through the Los Angeles neighborhood last week and firefighters quickly depleted available water resources, city officials said.
Aircraft battling fires raging through the Los Angeles area are dousing the area with more than water: Hundreds of thousands of gallons of hot-pink fire suppressant have been dropped ahead of the flames in a desperate effort to stop them before they destroy more neighborhoods.