HOUSE OF REPRESENTATIVES

Social Security Commissioner Frank Bisignano is set to take on a second role in the Trump administration as he was named the CEO of the Internal Revenue Service.

Millions of seniors may have to wait longer for 2026 Social Security COLA announcement as the government shutdown could delay Bureau of Labor Statistics inflation report.

Trump administration evaluates Social Security reform options as commissioner clarifies raising retirement age is not currently under consideration despite 2034 insolvency projections.

Social Security beneficiaries may receive an estimated 2.7% cost of living adjustment (COLA) in 2026, which would raise average monthly benefits by $54 based on recent inflation data.

The CBO said the federal deficit hit $2 trillion in the first 11 months of FY2025, driven by higher Social Security and Medicare costs as well as interest expenses despite tariffs.

The Social Security Administration will stop sending paper checks by Sept. 30, transitioning beneficiaries to electronic payments following Trump's March executive order.

The Trump administration's acquisition of a 10% stake in Intel using CHIPS Act funds sparked a GOP debate over government ownership and national security priorities.

A new analysis by the Committee for a Responsible Federal Budget shows that federal deficits and the national debt are expected to grow at a faster pace over the next 10 years.

The One Big Beautiful Bill Act raised the debt limit by $5 trillion, causing concern among fiscal experts as it's projected to add over $3.4 trillion to the national debt over 10 years.

Rep. Buddy Carter, R-Ga., plans to introduce his TOO LATE Act, which would change the Federal Reserve Act to give President Donald Trump more wiggle room to fire Federal Reserve Chair Jerome Powell.

The projection for Social Security's 2026 cost-of-living adjustment rose to 2.7% as inflation trends higher, as the program faces insolvency challenges in less than a decade.

Social Security's trust funds are approaching insolvency in less than a decade as worker-to-retiree ratios decline, forcing Congress to consider painful tax hikes or benefit reductions.

The U.S. national debt surpassed a historic $37 trillion milestone for first time as Treasury Department data shows federal government accumulating debt at rapid pace.

The federal budget deficit increased by $109 billion in first 10 months of fiscal year 2025 despite a $70 billion boost from the Trump administration's tariffs on imported goods.

President Trump is removing Billy Long as IRS Commissioner after just two months in the role, with Treasury Secretary Scott Bessent serving as acting replacement.