Business

Federal government made 6B in improper payments last fiscal year

A new report by the nonpartisan Government Accountability Office (GAO) found that improper payments by the federal government rose to $186 billion in fiscal year 2025. The GAO found that federal agencies’ estimate of improper payments rose $24 billion in fiscal year 2025 from the previous fiscal year. The increase…

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…