Worried about Social Security staff cuts? Put money aside now, the agency’s former director says.
Read more at MarketWatch
Topics
-
Social Security Administration to Cut Roughly 7,000 Workers
The agency is also restructuring and closing six of 10 regional offices that coordinate and provide support to employees who serve beneficiaries.The New York Times - 1h -
2,000 USAID staff to be cut, others put on administrative leave
The Trump administration is putting all civil servants employed by the U.S. Agency for International Development (USAID) on administrative leave beginning Monday at midnight, according to a notice ...The Hill - 5d -
President Trump should combine extending tax cuts with fixing Social Security
It would be good fiscal policy and probably good politicsMarketWatch - 5d -
Social Security Administration sets ‘massive’ reorganization, ‘significant’ job cuts
The Social Security Administration announced a “massive” reorganization and “significant” job cuts on Thursday that critics said could increase customer-service wait times and make it more ...MarketWatch - 6h -
Social Security workers warn job cuts could hurt service for Americans
"We are already short-staffed as it is,"one Social Security Administration employee said of the agency's plans to slash its workforce.CBS News - 4h -
What to know about cuts at cybersecurity agency
The White House says federal agencies have until March 13 to present plans for large scale layoffs. Among the targets is the Cybersecurity and Infrastructure Security Agency, which defends ...CBS News - 2d -
Staff at multiple agencies instructed not to speak to Congress, says Democrat
Rep. Chellie Pingree (D-Maine) sent several letters Thursday to various federal agency heads seeking answers regarding directives banning employees from speaking to Congress. “The Committee on ...The Hill - Feb. 21 -
Agency speeds up Social Security Fairness Act timeline, with lump sums, benefit increases for millions of people
The agency had previously said it could take "more than one year" to process benefit changes following the passage of the Social Security Fairness Act.CNBC - 2d -
Jeremy Grantham on the meltdown coming for U.S. stocks and where he’s putting his money now
GMO’s co-founder Jeremy Grantham discusses the dangers facing investors now and areas of the market he favors.MarketWatch - 13h -
Vatican says the pope now has pneumonia in both lungs. How worrying is that?
Vatican officials said that Pope Francis had developed pneumonia in both lungs, further complicating the pontiff’s recoveryABC News - Feb. 19 -
Cousin of Pope Francis says he is 'worried' about pontiff's health
Yahoo News - 5d -
Are 150-year-olds collecting social security? What to know about Musk's claims
Elon Musk says the Department of Government Efficiency has found rampant fraud at the Social Security Administration. But that may not be the case, and an aging computer system could instead be to ...CBS News - Feb. 21 -
Trump says Zeldin plans to cut up to 65 percent of EPA staff
President Trump said Wednesday that Environmental Protection Agency (EPA) Administrator Lee Zeldin has floated cutting the agency’s workforce by up to 65 percent. Speaking at the inaugural Cabinet ...The Hill - 2d -
Trump Says E.P.A. Layoffs Will Cut Staff by 65 Percent
The president said Lee Zeldin, the E.P.A. administrator, was planning mass layoffs. Several hours later, White House officials said the president was referring to budget cuts.The New York Times - 2d -
White House says EPA will cut 65 percent of spending, not staff
Shortly after President Trump said Environmental Protection Agency (EPA) Administrator Lee Zeldin plans to cut 65 percent of the agency’s staff, the White House clarified and said Trump was ...The Hill - 1d -
Social Security Administration could lay off up to 50% of its workforce, source says – live
Social Security Administration expected to lay off at least 7,000 people, but a source tells Associated Press reduction could be as high as 50%. As Donald Trump and tech billionaire Elon Musk ...The Guardian - 1d -
Alarm as bird flu now ‘endemic in cows’ while Trump cuts staff and funding
Experts say current US outbreak is unlikely to end without intervention with further mutation of virus likely. A newer variant of H5N1 bird flu has spilled over into dairy cows separately in ...The Guardian - 6d -
DOGE plans to wind down consumer protection agency and fire nearly all staff, employees say
The Consumer Financial Protection Bureau’s Trump-appointed leadership plans to fire nearly all its 1,700 employees while “winding down” the agency, according to testimony from employees.NBC News - 9h -
Trump administration, Musk’s DOGE plan to fire nearly all CFPB staff and wind down agency, employees say
Employees testified that CFPB leaders and Elon Musk's DOGE want to wind down the agency to five employees, the minimum required under law.CNBC - 7h -
Sources: Collier shares 1-on-1 money with staff
Unrivaled co-founder and player Napheesa Collier is giving half of her prize money for winning the league's first 1-on-1 tournament to her training and performance staff and assistant coaches ...ESPN - Feb. 21 -
Former federal workers talk about firings, how cuts will impact trips to national forests
This summer, the family trip to a national forest could look a little different amid major DOGE cuts. There's been a 10% job cut to the U.S. Forest Service as part of the Trump administration's ...CBS News - 2d -
Sanders reintroducing measure increasing Social Security benefits
Sen. Bernie Sanders (I-Vt.) is reintroducing a measure that would increase Social Security benefits. Sanders is joined by Sen. Elizabeth Warren (D-Mass.) and Reps. Jan Schakowsky (D-Ill.) and Val ...The Hill - 1d -
Social Security notifies employees of 'significant workforce reductions'
The Social Security Administration (SSA) is notifying employees of “significant workforce reductions” on the way as it prepares for what it describes as an “agency-wide organizational ...The Hill - 7h -
Why investors should be worrying about Trump and impoundment
The buzzword looks set to become a weapon in the budget warsFinancial Times - 20h -
How many people over 100 receive Social Security benefits?
Here's how many Social Security retirement checks go out to people 99 and older. Hint: It's far fewer than Trump claims.The Hill - Feb. 21 -
Here's what upcoming budget negotiations may mean for Social Security
Benefit cuts are off the table for now in upcoming budget negotiations, experts say. But the agency may continue to struggle with customer service woes.CNBC - 3d -
This trend has important implications for Social Security’s full retirement age
New data show strong relationship between earnings and life expectancyMarketWatch - 3d -
Social Security boost for more than 3.2 million coming in April
Social Security Administration says it is immediately starting to pay retroactive benefits due to more than 3.2 million retirees.CBS News - 3d -
Social Security checks will be coming for these previously ineligible workers — as early as this week
The agency has been working on adjusting benefits after the repeal of WEP and GPO.MarketWatch - 2d -
Can your Social Security benefits be garnished by a debt collector?
If you receive Social Security and owe debt collectors money, your benefits could be at risk. Here's why.CBS News - 1d -
Social Security Administration offering voluntary buyouts ahead of expected layoffs
The Social Security Administration is offering payouts to employees who voluntarily resign from the federal agency, ahead of what they warn will be "significant workforce reductions."CBS News - 22h -
Can you collect Social Security if you owe back taxes?
If you're trying to collect Social Security benefits, it's important to know how your tax debt could impact that.CBS News - 7h -
Trump and Musk’s Social Security ‘chainsaw massacre’ is slashing all the wrong things
Donald Trump’s decision to apply his chainsaw to the Social Security Administration will do nothing to shore up the program’s finances — or help balance the federal budget.MarketWatch - 5h -
Some Agencies Urge Staff Not to Comply With Elon Musk’s Performance Email
The F.B.I. director, Kash Patel, the director of national intelligence, Tulsi Gabbard, and others told employees not to respond to a directive from Mr. Musk to summarize their accomplishments.The New York Times - 5d -
Rangers put former captain Barry Ferguson in charge until end of season
Philippe Clement was sacked by club on Sunday evening ‘We appreciate Barry and his team stepping into the role’ Rangers have placed their former captain Barry Ferguson in charge of first-team ...The Guardian - 4d -
Trump administration cuts some election security workers
There have been sweeping changes at the Cybersecurity and Infrastructure Security Agency, which is tasked with protecting the U.S. from foreign meddling in elections. CBS News' Nicole Sganga reports.CBS News - 3d -
Budget cuts at VA paused for now
Billions of dollars of cuts expected at the Department of Veterans Affairs were paused by the Trump administration as concerns emerged over changes to benefits for the nation's veterans. CBS News' ...CBS News - 1d -
U.S. Consumers Are Increasingly Worried About Trump’s Tariff Plans
The Consumer Sentiment Index hit its lowest reading since November 2023.Inc. - Feb. 21
More from MarketWatch
-
Zelensky says Ukraine still ‘ready’ for minerals deal with U.S. after Oval Office blowup with Trump
Ukraine’s trove of rare earths and other critical minerals remains in the spotlight after a White House clash between President Donald Trump and his Ukrainian counterpart, Volodymyr Zelensky.MarketWatch - 1h -
Why this spot-on consumer-confidence measure should concern stock-market bulls
What current consumer-sentiment readings really mean for stocks.MarketWatch - 2h -
This money pro’s wealth-building secrets can help you gain financial independence
Tori Dunlap, founder of Her First $100K, wants you to be smart about spending and saving.MarketWatch - 2h -
Trump’s ‘World War III’ warning to Zelensky rattled stocks. Why they quickly recovered.
Markets are reacting like it’s “theater” and a Ukraine-Russia peace deal can still move forward, strategist says.MarketWatch - 3h -
I’m 50, earn $172K a year and married, yet I’m still living paycheck-to-paycheck. My family want me to return home. What should I do?
“I have a $154,800 401(k) and a house worth $453,900 with $323,400 on the mortgage.”MarketWatch - 3h
More in Business
-
Trump cuts short Zelenskyy meeting after fiery White House clash
US president says Ukrainian leader is ‘gambling with world war three’Financial Times - 1h -
Social Security Administration to Cut Roughly 7,000 Workers
The agency is also restructuring and closing six of 10 regional offices that coordinate and provide support to employees who serve beneficiaries.The New York Times - 1h -
Zelensky says Ukraine still ‘ready’ for minerals deal with U.S. after Oval Office blowup with Trump
Ukraine’s trove of rare earths and other critical minerals remains in the spotlight after a White House clash between President Donald Trump and his Ukrainian counterpart, Volodymyr Zelensky.MarketWatch - 1h -
Ask These 10 Questions During ‘Stay’ Interviews to Retain Top Talent
Leaders should delve deep and ask these 10 questions to retain top talent.Inc. - 1h -
Amazon eyes global expansion for its Temu, Shein competitor
Amazon debuted Haul last year, offering makeup, apparel, accessories and other items that are often priced at or below $20.CNBC - 1h