The Social Security Administration on Friday announced a 2.8% cost-of-living adjustment for 2026, an increase that will automatically boost monthly payments for the program’s roughly 75 million beneficiaries starting early next year. The increase represents an uptick from the last year’s cost-of-living adjustment, or COLA, which set the 2025 increase at 2.5%. Inflation has edged higher…
A delayed inflation report on Friday is expected to deliver sobering data about the direction of U.S. prices, with economists forecasting that the Consumer Price Index in September rose at its fastest pace in 16 months. CPI last month is projected to have risen 3.1% on an annual basis, which would be the highest since…
It looks official — a letter stamped with the U.S. Supreme Court seal, signed by Chief Justice John Roberts and Associate Supreme Court Justice Sonia Sotomayor, warning that you’re under investigation. But it’s a scam — one designed to steal money from Social Security recipients, according to the agency’s watchdog division. The fake SCOTUS letter…
The Social Security Administration’s annual announcement setting next year’s cost-of-living adjustment, or COLA, will be delayed because of the government shutdown, the agency said. Each year, the Social Security Administration adjusts benefits for its 75 million recipients based on recent inflation data, which ensures that seniors, disabled Americans and other beneficiaries don’t lose purchasing power as…
Treasury Secretary Scott Bessent on Monday tapped Social Security Administration Commissioner Frank Bisignano to take on a second role as CEO of the IRS, a newly created position at the tax agency. The Treasury Department said in a statement that Bisignano will be responsible for overseeing all daily operations operations at the IRS, while also…
WASHINGTON (AP) — Social Security Administration Commissioner Frank Bisignano was named to the newly created position of CEO of the IRS on Monday, making him the latest member of the Trump administration to be put in charge of multiple federal agencies. As IRS CEO, Bisignano will report to Treasury Secretary Scott Bessent, who currently serves…
After 85 years of sending out paper checks to retirees, the Social Security Administration (SSA) is transitioning to electronic payments in what it says is an effort to modernize its services and improve efficiency. Starting Sept. 30, the SSA will no longer issue paper checks to its nearly 70 million recipients, instead sending benefits through…
Around 100 days after Elon Musk‘s exit from the Trump administration, federal staff continue to struggle with the ongoing effects of his Department of Government Efficiency (DOGE). The impact of this extraordinary challenge to federal administration is likely to persist.Operating from a basic office near the White House, Musk led an assertive capture of key…
Social Security beneficiaries could see a 2.7% cost-of-living adjustment (COLA) in 2026, which is slightly above the 2.5% increase U.S. retirees received in 2025. That’s according to an estimate from the Senior Citizens League, which recently posted its latest COLA prediction based on August inflation figures figures from the Bureau of Labor Statistics. The Virginia advocacy group has…
Charles Borges, the chief data officer at the Social Security Administration, resigned Friday — days after filing a whistleblower complaint about Department of Government Efficiency employees at the SSA. He said in the complaint that the DOGE employees had uploaded a copy of the entire country’s Social Security information to a “vulnerable cloud environment.” Borges’ resignation from…