Income Security Federal Spending

U.S. Deficit Hits a Record $1.15 Trillion

Federal budget deficit hits record $1.1T in first 5 months of fiscal year

New data from the Treasury Department shows the federal deficit is $318 billion larger in the first five months of fiscal year 2025 compared with the last fiscal year.

Fast Company · 1d

U.S. budget deficit for Trump’s first full month in office hits $307 billion

The deficit for the first five months of fiscal 2025 came to $1.147 trillion, up 38%, or $318 billion, from a year earlier.

Barron's on MSN · 1d

U.S. Deficit Hits a Record $1.15 Trillion Over 5 Months

Data disclosed by the Treasury Department showed an adjusted gap between federal spending and revenue of $1.063 trillion for October through February.

Social Security Cuts Could Impact Benefit Payments

Investopedia on MSN · 1d

The Social Security Administration is Reducing Its Spending—Here's How It Will Affect Your Benefits

KEY TAKEAWAYS The Social Security Administration plans to cut or avoid spending $800 million this fiscal year and plans to reduce its workforce by more than 12%.Experts said these budget cuts could make it harder for beneficiaries to contact Social Security and could disrupt benefits.

Newsweek on MSN · 1d

How Social Security Cuts Could Impact Benefit Payments

Social Security has become a hot topic in recent weeks as the Trump administration continues its overhaul of the federal agency responsible for paying benefits to tens of millions of people every month.

AL.com on MSN · 1d

New Social Security policy could cut off recipients’ benefits: Here’s how

A change in the way Social Security handles overpayments could eliminate monthly benefits for some recipients, the agency announced last week. On Friday, the agency announced it was reinstating a plan to take 100% of a beneficiary’s monthly check until an overpayment is repaid.

FingerLakes1.com17h

SNAP Benefits and Spending Cuts: What the Stopgap Bill means for benefits

Uncertainty means SNAP recipients should prepare for potential changes this year if lawmakers decide to reduce federal ...

Fox News7d

The national debt is about to hit a terrifying number no matter what we do

Defense spending is closely tied to national security, making reductions politically ... that almost 50% of Americans do not pay any federal income tax at all, it’s a stark reality that the ...

18hon MSN

Government deficit rose 4% in Trump’s first full month in office, despite DOGE. UBS says the U.S. is slashing confidence, not spending

While the government did cut its outlays in February, the budget deficit for the month more than doubled compared to January due to a drop in income.

The Motley Fool on MSN12d

President Trump's Potential Changes for Social Security So Far: 3 Things You Should Know

Social Security has long been in a fraught position. The program will need to reduce benefits in 10 years if Congress doesn't ...

Federal News Network8d

Navigating federal retirement benefits and government downsizing

DoD to fire 5,400 probationary employees next week, with hiring freeze to follow ...

6don MSN

Rick Scott Issues Social Security Warning: 'Have To Get Something Done'

Republican Florida Senator Rick Scott has issued a warning on the solvency of Social Security and other programs, saying that ...

10d

Education Spending In The Crosshairs Of Federal Budget Reconciliation

Recent developments in Washington regarding budget reconciliation indicate potential significant impacts on education ...

When does no tax on overtime start in Pennsylvania? 2025 budget bill passed - what to know

The U.S. House passed budget plan that would extend Trump 2017 tax cuts, but what does it say on cutting taxes on overtime ...

Center on Budget and Policy Priorities17h

Puerto Rico Needs and Should Have Full and Equitable Access to All Federal Economic and Health Security Programs

Members of the Puerto Rico Advisory Committee, thank you for today’s opportunity to testify on Puerto Rico’s inequitable ...

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