Budget Battles
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Surprise Deal to Protect Patients From Surprise Medical Bills
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Obamacare Back at the Supreme Court — With Billions for Insurers on the Line
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The Rising Tide of Health Care Costs
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The Healthiest — and Unhealthiest — US States
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Health Spending Hits Record High, Even With 1 Million Fewer Insured
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A White House Report Slams Pelosi’s Drug Plan. Experts Call Its Claims ‘Nonsense’
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Hospitals Sue to Protect Secret Prices
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Chart of the Day: Record Low Poverty Rate
By Michael RaineyThe extensive array of government assistance programs — including Social Security, unemployment insurance, veterans’ benefits, nutritional aid, rental assistance and the Earned Income Tax Credit —...
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Democrat's New Taxes Wouldn't Hit Just Billionaires
By Michael RaineySome Democratic tax proposals are focused on making millionaires and billionaires pay more, but other households would be affected as well. Neil Irwin of The New York Times points out Tuesday that...
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How Mitt Romney Wants to Save Social Security and Other Trust Funds
By Michael RaineyA bipartisan group of lawmakers led by Utah Republican Sen. Mitt Romney introduced legislation Tuesday that would create new congressional committees focused on the fiscal health of federal trust...
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Number of the Day: $23 a Month
By Michael RaineyThe Social Security Administration on Thursday said the cost-of-living adjustment for 2020 would be 1.6%. That translates to a bump of about $23 on the average monthly benefit of $1,460. The 2020...
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The Case for Giving Social Security to Children
By Michael RaineyUS social welfare programs reduced poverty by about two-thirds overall in 2018, according to an analysis of Census data by Matt Bruenig of the left-leaning People’s Policy Project. Bruenig offers a...
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Elizabeth Warren Has a Plan to Expand Social Security
By Michael Rainey and Yuval RosenbergElizabeth Warren released a plan Thursday to expand Social Security and raise benefit payments. Warren’s plan would: Immediately increase benefit payments by $200 a month. If enacted, Warren’s plan...
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More Progress in Tackling Poverty, but Meager Gains for the Middle Class
The poverty rate fell for the fourth straight year in 2018, dropping to 11.8%, the lowest level since 2001, the Census Bureau reported Tuesday. In all, some 38 million people were living in poverty...
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Op-Ed of the Day: Fighting the Next Recession Now
By The Fiscal Times StaffJason Furman, the former chairman of the White House Council of Economic Advisers under President Obama, has some advice for Congress: Start preparing for the next recession now. In a Wall Street...
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Americans Are Missing Out on Trillions in Social Security
By The Fiscal Times StaffAmericans will lose out on $3.4 trillion in benefits by claiming Social Security too early, according to a new report from United Income, an investment management and financial planning company...
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Growth of US Debt Slows, but Record Levels Still Ahead
By Michael RaineyThe national debt will reach “unprecedented levels” over the next 30 years, according to the new long-term budget outlook released Tuesday by the Congressional Budget Office. Federal outlays will...
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Here’s How Much Americans Rely on Social Security
Social Security once again tops the list of major income sources for U.S. retirees — just as it has every year since 2001, according to a new Gallup survey . Almost six in 10 U.S. retirees surveyed...
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Is Social Security a ‘Good Investment’?
By Michael RaineySocial Security is a pay-as-you-go social insurance program, not an investment fund, but Monique Morrissey of the Economic Policy Institute says that its return on contributions is actually quite...
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Paul Ryan's Fiscal Legacy: Lots of Red Ink
House Speaker Paul Ryan announced Wednesday that he won’t seek re-election this year and will retire at the end of his term in January, becoming the most prominent in a wave of Republican lawmakers...
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Yellen, Democratic Economists Say Fixing Debt Crisis Isn’t All About Entitlements
Late last month, a quintet of big-name Hoover Institution economists warned in a Washington Post op-ed that a coming “string of perpetually rising trillion-dollar-plus deficits” could soon lead to a...
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Which Americans Worry Most About Social Security?
Maybe call it social insecurity? Just over half of American adults between the ages of 50 and 64 say they worry a “great deal” about the Social Security system, according to recent polling by Gallup...
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