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On January 27, 2025, memo M-25-13 was released by Matthew Vaeth, acting director for the Office of Management and Budget (OMB). [1] [2] The memo said that the federal government of the United States in fiscal year 2024 spent over $3 trillion in federal "financial assistance, such as grants and loans", criticized the usage of "resources to advance Marxist equity, transgenderism, and [Green New ...
The average monthly Social Security benefit will increase from $1,927 to $1,976 in 2025 after the cost-of-living adjustment this year, according to the Social Security Administration.
A debt ceiling fight soon behind. But even if Congress averts a shutdown, a debt ceiling deadline will follow shortly behind. The federal debt limit is set to be reinstated on Jan. 2, 2025, per ...
The new wage base limit, which will be in effect in 2025, is $176,100, up from the $168,600 limit in 2024. This means more income of some workers will be subject to Social Security payroll taxes.
Shutdowns are also possible at occurring within and disrupting state, territorial, and local levels of government. As of 5 February 2025, since the enactment of the US government's current budget and appropriations process in 1976, there have been a total of 23 funding gaps in the federal budget, of which 10 of these have led to federal ...
Income Limit: 2024. Income Limit: 2025. Benefit Reduction. If you will not reach your FRA in 2025. $22,320. $23,400. $1 for every $2 over the limit. If you will reach your FRA in 2025. $59,520 ...
Basic Allowance for Housing (BAH) is calculated based on several factors, primarily the location of the military member's duty station, their pay grade, and whether they have dependents. BAH rates are determined annually by the Department of Defense and are intended to cover a portion of the housing costs for military personnel.
In 2022, their checks also went up by a significant amount, jumping by 5.9%. In 2025, on the other hand, retirees will get just 2.5% more in their Social Security checks compared with the amount ...