Projected 2027 Social Security COLA adjusted slightly after new inflation report

Projected 2027 Social Security COLA adjusted slightly after new inflation report

Following a drop in inflation, early projected estimates for the impending 2027 Cost of Living Adjustment (COLA) for Social Security recipients have declined slightly, according to new estimates based on government data. The latest data from the Bureau of Labor Statistics indicates that the consumer price index increased by 0.1 percent, while the annual inflation … Read more

CBO Projects Federal Budget Deficit to Surpass $2 Trillion in Fiscal 2026

The federal budget deficit is projected to surpass $2 trillion in fiscal year 2026, driven by higher spending on national debt interest and entitlement programs, according to the Congressional Budget Office. Maya MacGuineas of the Committee for a Responsible Federal Budget warned that borrowing at this scale during an economic expansion is abnormal. The federal … Read more