Business

Work more, lose less? New bill aims to end Social Security penalty

A new proposal would allow Social Security beneficiaries to continue working without having their benefits diminished, which could make it easier for retirees to pay off their mortgages or more easily handle other expenses like property tax burdens. The Senior Citizens’ Freedom to Work Act was introduced in Congress earlier…

Kevin Warsh moves one step closer to becoming next Fed chair

Kevin Warsh’s nomination to serve as the next Federal Reserve chair took a big step forward on Wednesday after a key committee voted to advance his nomination after a senator lifted his opposition. Members of the Senate Banking Committee voted 13-11 to send Warsh’s nomination to the full Senate for…

Disney reportedly shelves ESPN spinoff talks in major call under new CEO

The Walt Disney Company is reportedly backing away from plans to spin off ESPN, shelving years of speculation that a standalone sports network could help offset the company’s declining cable business.  The decision marks one of the first major calls under CEO Josh D’Amaro, who stepped into the role in…