http://www.mail.com/subjects/2966-government-pensions-social-security.html Mail.com - the best personalized free web-based Email en en http://sec-s.uicdn.com/mail.com/2.28/img/mailcom_logo_rss.png http://www.mail.com/subjects/2966-government-pensions-social-security.html http://www.mail.com/business/finance/2099050-lew-taps-government-retiree-pension-fund.html WASHINGTON (AP) — Treasury Secretary Jacob Lew said late Monday he will begin tapping into two government employee retirement funds to buy more time before the U.S. Treasury is faced with the prospect of defaulting on the national debt. In a letter to congressional leaders, Lew said that he would tap the civil service retirement and disability fund and a ... Tue, 21 May 2013 00:53:34 GMT http://www.mail.com/business/finance/2099050-lew-taps-government-retiree-pension-fund.html 2013-05-21T00:53:34Z http://www.mail.com/business/finance/2093852-cbo-obama-budget-cuts-deficits-11t-2023.html WASHINGTON (AP) — President Barack Obama's budget would trim projected federal deficits by $1.1 trillion over the coming decade, using nearly $6 in higher revenues for every $1 in reduced spending to achieve it, Congress' nonpartisan budget analyst said Friday. After four straight years of annual shortfalls exceeding $1 trillion, the Congressional Budget ... Fri, 17 May 2013 21:40:38 GMT http://www.mail.com/business/finance/2093852-cbo-obama-budget-cuts-deficits-11t-2023.html 2013-05-17T21:40:38Z http://www.mail.com/business/finance/2092672-problems-surface-arizs-2007-immigration-law.html PHOENIX (AP) — The immigration debate in Arizona reached a boiling point in 2007 when the state passed a groundbreaking law targeting those often blamed with fueling the nation's border woes: Employers who hire immigrants living in the U.S. illegally. The law marked a bold step by a state into an area that had long been the domain of the federal governmen... Fri, 17 May 2013 08:33:30 GMT http://www.mail.com/business/finance/2092672-problems-surface-arizs-2007-immigration-law.html 2013-05-17T08:33:30Z http://www.mail.com/business/finance/2073336-house-passes-bill-to-prioritize-us-debt-payments.html WASHINGTON (AP) — The GOP-controlled House voted Thursday to make sure U.S. bondholders and people on Social Security get paid if the government hits its borrowing limit. The move comes as Republicans grapple with the hot-potato issue of raising the government's borrowing limit later this year, one of the few must-do items on a dysfunctional Washington's ... Thu, 09 May 2013 18:13:09 GMT http://www.mail.com/business/finance/2073336-house-passes-bill-to-prioritize-us-debt-payments.html 2013-05-09T18:13:09Z http://www.mail.com/news/politics/2070504-study-immigration-bill-would-help-social-security.html WASHINGTON (AP) — A bipartisan immigration bill pending in the Senate would strengthen the Social Security trust fund by adding millions of workers to tax rolls, and provide a boost to the overall economy, according to an analysis Wednesday by the Social Security Administration. The finding came in a letter to Sen. Marco Rubio, R-Fla., who requested the a... Thu, 09 May 2013 04:04:34 GMT http://www.mail.com/news/politics/2070504-study-immigration-bill-would-help-social-security.html 2013-05-09T04:04:34Z http://www.mail.com/business/economy/2056462-fed-stimulus-taxes-cuts-hurt.html WASHINGTON (AP) — The Federal Reserve cautioned America's political leaders Wednesday that their policies are hurting the economy. The Fed stood by its aggressive efforts to stimulate the economy and reduce unemployment. But it sent its clearest signal to date that tax increases and spending cuts that kicked in this year are slowing the economy. ... Wed, 01 May 2013 23:44:31 GMT http://www.mail.com/business/economy/2056462-fed-stimulus-taxes-cuts-hurt.html 2013-05-01T23:44:31Z http://www.mail.com/business/finance/2051622-us-loans-china-issue-debt-ceiling-fight.html WASHINGTON (AP) — Despite what you may have heard, China isn't the country's biggest creditor. America is. The bulk of the national debt — soon to exceed a staggering $17 trillion — is held by the Federal Reserve, Social Security system, various pension plans for civil service workers and military personnel, U.S. banks, mutual funds, private pension pla... Mon, 29 Apr 2013 18:57:40 GMT http://www.mail.com/business/finance/2051622-us-loans-china-issue-debt-ceiling-fight.html 2013-04-29T18:57:40Z http://www.mail.com/business/finance/2050946-kodak-to-sell-2-businesses-to-uk-pension-plan.html ROCHESTER, N.Y. (AP) — Eastman Kodak Co. has agreed to sell its personalized and document imaging businesses to its U.K. pension plan as part of an agreement that settles $2.8 billion of claims that the retirement fund had sought from the photography pioneer. Eastman Kodak Co. said Monday that it is selling the businesses to the U.K. Kodak Pension Plan fo... Mon, 29 Apr 2013 15:35:45 GMT http://www.mail.com/business/finance/2050946-kodak-to-sell-2-businesses-to-uk-pension-plan.html 2013-04-29T15:35:45Z http://www.mail.com/news/politics/2043386-dems-gop-talk-up-deficit-reduction.html WASHINGTON (AP) — Liberals' loud objections to White House proposals for slowing the growth of huge social programs make it clear that neither political party puts a high priority on reducing the deficit, despite much talk to the contrary. For years, House Republicans have adamantly refused to raise income taxes, even though U.S. taxes are historically lo... Thu, 25 Apr 2013 07:13:40 GMT http://www.mail.com/news/politics/2043386-dems-gop-talk-up-deficit-reduction.html 2013-04-25T07:13:40Z http://www.mail.com/business/finance/2041860-house-gop-gears-up-debt-showdown-this-summer.html WASHINGTON (AP) — Get ready for another debt showdown this summer. House Republicans are preparing for one. The House Ways and Means Committee passed a bill Wednesday to protect Social Security recipients and investors in Treasury bonds if the government hits the limit of its borrowing authority. The bill would exempt interest and principal payments on Tr... Wed, 24 Apr 2013 18:48:57 GMT http://www.mail.com/business/finance/2041860-house-gop-gears-up-debt-showdown-this-summer.html 2013-04-24T18:48:57Z http://www.mail.com/business/finance/2030452-judges-lawsuit-disability-system-in-crisis.html WASHINGTON (AP) — Social Security's disability program is overwhelmed by so many claims that judges sometimes award benefits they might otherwise deny just to keep up with the flow of cases, according to a lawsuit filed by the judges themselves. The Social Security Administration says the agency's administrative law judges should decide 500 to 700 disabil... Fri, 19 Apr 2013 19:12:34 GMT http://www.mail.com/business/finance/2030452-judges-lawsuit-disability-system-in-crisis.html 2013-04-19T19:12:34Z http://www.mail.com/business/finance/2028720-poll-trust-government-obama-approval-slip.html WASHINGTON (AP) — President Barack Obama's re-election glow is gone. Congress' reputation remains dismal. And only about one in five Americans say they trust the government to do what's right most of the time, an Associated Press-GfK poll finds. Most adults disapprove of Obama's handling of the federal deficit, a festering national problem. But they also ... Thu, 18 Apr 2013 17:32:40 GMT http://www.mail.com/business/finance/2028720-poll-trust-government-obama-approval-slip.html 2013-04-18T17:32:40Z http://www.mail.com/business/finance/2013104-lew-budget-deal-with-congress-reached.html WASHINGTON (AP) — Treasury Secretary Jacob Lew told Congress on Thursday that the Obama administration is optimistic about a budget deal, but he urged lawmakers to consider concessions already made in President Barack Obama's $3.8 trillion spending request. In testimony before House and Senate committees, Lew said that the budget request put forward Wedne... Thu, 11 Apr 2013 21:30:43 GMT http://www.mail.com/business/finance/2013104-lew-budget-deal-with-congress-reached.html 2013-04-11T21:30:43Z http://www.mail.com/business/finance/2011542-us-budget-deficit-march-grows-107-billion.html WASHINGTON (AP) — The U.S. federal budget deficit grew more slowly in March than the previous month, keeping the annual spending shortfall on pace to finish below $1 trillion for the first time in five years. The deficit grew by $106.5 billion in March, well below the $203.5 billion added in February, the Treasury Department said Wednesday. Through the fi... Wed, 10 Apr 2013 21:00:22 GMT http://www.mail.com/business/finance/2011542-us-budget-deficit-march-grows-107-billion.html 2013-04-10T21:00:22Z http://www.mail.com/business/finance/2011050-glance-key-obama-budget-provision.html WASHINGTON (AP) — President Barack Obama's 2014 budget includes a key change in the way the government measures inflation. If adopted, the chained Consumer Price Index would have far-reaching effects because so many programs are adjusted each year based on year-to-year changes in consumer prices. __ How it would work: The new measure would show a lower le... Wed, 10 Apr 2013 20:47:10 GMT http://www.mail.com/business/finance/2011050-glance-key-obama-budget-provision.html 2013-04-10T20:47:10Z http://www.mail.com/business/finance/2008640-liberals-balk-obamas-2nd-term-overtures-to-gop.html WASHINGTON (AP) — Liberal lawmakers from Congress and a coalition of like-minded groups rallied outside the White House on Tuesday, voicing frustration at the Democratic president they say has let them down by proposing cuts to Medicare and Social Security. One day before President Barack Obama was set to unveil his budget, organizers stacked nine file bo... Tue, 09 Apr 2013 23:03:58 GMT http://www.mail.com/business/finance/2008640-liberals-balk-obamas-2nd-term-overtures-to-gop.html 2013-04-09T23:03:58Z http://www.mail.com/business/finance/2009134-obama-budget-hit-left-alike.html WASHINGTON (AP) — Even before it is unveiled, President Barack Obama's new budget is opening to poor reviews from liberal allies entrenched in their opposition to shaving benefit programs and GOP opponents equally opposed to new tax increases. The double-edged criticism comes even though the plan reprises a framework that once held the promise of a long-sought "grand bargain... Tue, 09 Apr 2013 20:50:38 GMT http://www.mail.com/business/finance/2009134-obama-budget-hit-left-alike.html 2013-04-09T20:50:38Z http://www.mail.com/business/finance/2008200-irs-takes-steps-to-combat-identity-theft.html WASHINGTON (AP) — The 2014 budget proposal to be released by the White House on Wednesday will include new steps to combat what the Internal Revenue Service says is an exponential growth in tax refund-related identity theft. A preview of the measures provided by administration officials Tuesday includes increasing criminal sentences for those convicted of... Tue, 09 Apr 2013 15:33:13 GMT http://www.mail.com/business/finance/2008200-irs-takes-steps-to-combat-identity-theft.html 2013-04-09T15:33:13Z http://www.mail.com/business/finance/2007372-cyprus-crisis-ruins-dying-fathers-plans-kids.html NICOSIA, Cyprus (AP) — When Costas Kalapodas was diagnosed with brain cancer two years ago and given months to live, he saw one sure place to put his money: Cyprus' biggest bank. The 43-year-old threw his entire savings into Bank of Cyprus stock, and even took out a 47,000 euro loan to pad his holdings. He then gave his wife Maria strict instructions to s... Tue, 09 Apr 2013 07:26:29 GMT http://www.mail.com/business/finance/2007372-cyprus-crisis-ruins-dying-fathers-plans-kids.html 2013-04-09T07:26:29Z http://www.mail.com/business/finance/2005162-pain-bites-portuguese-life-crisis-deepens.html LISBON, Portugal (AP) — Serving a frugal lunch in their kitchen not much bigger than a bathroom, Pedro and Elena Baptista spoon stewed chicken feet onto their boiled potatoes and leave the slightly meatier wings for their 12-year-old daughter, Vania, and 7-year-old son, Joao. The Baptista family counts itself among the casualties of an unrelenting financi... Mon, 08 Apr 2013 13:43:38 GMT http://www.mail.com/business/finance/2005162-pain-bites-portuguese-life-crisis-deepens.html 2013-04-08T13:43:38Z http://www.mail.com/business/finance/2003866-portugals-prime-minister-deeper-cuts-coming.html LISBON, Portugal (AP) — Despite two years of corrosive austerity measures since it needed an international financial rescue, Portugal's prime minister told his country Sunday to brace for even harder times after a court ruling forced his government to find more savings through steep spending cuts. Pedro Passos Coelho said in a somber televised address to ... Sun, 07 Apr 2013 19:33:46 GMT http://www.mail.com/business/finance/2003866-portugals-prime-minister-deeper-cuts-coming.html 2013-04-07T19:33:46Z http://www.mail.com/business/finance/2002310-obama-budget-ideal-tough-reforms.html WASHINGTON (AP) — President Barack Obama says his soon-to-be released budget, already criticized by friends and foes, is not his "ideal plan" but offers "tough reforms" for benefit programs and scuttles some tax breaks for the wealthy. That's a mix, he contends, that will provide long-term deficit reduction without harming the economy. In his first commen... Sat, 06 Apr 2013 16:32:05 GMT http://www.mail.com/business/finance/2002310-obama-budget-ideal-tough-reforms.html 2013-04-06T16:32:05Z http://www.mail.com/business/economy/2000272-dim-labor-report-us-88k-jobs.html WASHINGTON (AP) — A streak of robust job growth came to a halt in March, signaling that U.S. employers may have grown cautious in a fragile economy. The gain of 88,000 jobs was the smallest in nine months. Even a decline in unemployment to a four-year low of 7.6 percent was nothing to cheer: It fell only because more people stopped looking for work and we... Fri, 05 Apr 2013 22:07:00 GMT http://www.mail.com/business/economy/2000272-dim-labor-report-us-88k-jobs.html 2013-04-05T22:07:00Z http://www.mail.com/business/finance/2001318-obama-plan-hits-seniors-low-income-taxpayers.html WASHINGTON (AP) — President Barack Obama's proposal to change the way the government measures inflation could lead to fewer people qualifying for college grants and anti-poverty programs, reduced benefits for seniors and veterans, and higher taxes for low-income families. If adopted across the government, the new inflation measure would have far-reaching ... Fri, 05 Apr 2013 21:28:50 GMT http://www.mail.com/business/finance/2001318-obama-plan-hits-seniors-low-income-taxpayers.html 2013-04-05T21:28:50Z http://www.mail.com/business/finance/1992396-pension-issue-stockton-calif-bankruptcy.html SACRAMENTO, Calif. (AP) — On its first official day in bankruptcy, the city of Stockton now must grapple with the hard part of reorganizing its financial affairs — how to share the financial burden equitably among creditors while meeting its massive state pension obligations. At the conclusion of a three-day trial, a judge on Monday formally granted the c... Tue, 02 Apr 2013 10:19:28 GMT http://www.mail.com/business/finance/1992396-pension-issue-stockton-calif-bankruptcy.html 2013-04-02T10:19:28Z http://www.mail.com/news/us/1990232-judge-rules-stockton-calif-to-enter-bankruptcy.html SACRAMENTO, Calif. (AP) — The people of Stockton will feel financial fallout for years after a federal judge ruled Monday to let the city become the most populous in the nation to enter bankruptcy. But the case is also being watched closely because it could answer the significant question of who gets paid first by financially strapped cities — retirement ... Mon, 01 Apr 2013 23:18:47 GMT http://www.mail.com/news/us/1990232-judge-rules-stockton-calif-to-enter-bankruptcy.html 2013-04-01T23:18:47Z http://www.mail.com/business/finance/1987974-veterans-fight-changes-to-disability-payments.html WASHINGTON (AP) — Veterans groups are rallying to fight any proposal to change disability payments as the federal government attempts to address its long-term debt problem. They say they've sacrificed already. Government benefits are adjusted according to inflation, and President Barack Obama has endorsed using a slightly different measure of inflation to... Sat, 30 Mar 2013 15:00:19 GMT http://www.mail.com/business/finance/1987974-veterans-fight-changes-to-disability-payments.html 2013-03-30T15:00:19Z http://www.mail.com/business/finance/1986444-obama-pitches-public-works-spending-to-create-jobs.html MIAMI (AP) — Trying to show that the economy remains a top priority, President Barack Obama promoted a plan Friday to create construction and other jobs by attracting private money to help rebuild roads, bridges and other public works projects. Obama fleshed out the details during a visit to a Miami port that's undergoing $2 billion in upgrades paid for w... Fri, 29 Mar 2013 20:31:37 GMT http://www.mail.com/business/finance/1986444-obama-pitches-public-works-spending-to-create-jobs.html 2013-03-29T20:31:37Z http://www.mail.com/business/economy/1983972-cypriots-anxious-banks-reopen-with-limits.html NICOSIA, Cyprus (AP) — Anxious Cypriots patiently waited in long lines to get at their accounts on Thursday after banks opened for the first time in nearly two weeks, following an international bailout to save the country's financial system. Fearing a run on its banks, the tiny Mediterranean country has imposed daily withdrawal limits of 300 euros ($384) ... Thu, 28 Mar 2013 20:56:23 GMT http://www.mail.com/business/economy/1983972-cypriots-anxious-banks-reopen-with-limits.html 2013-03-28T20:56:23Z