RETIREMENT BUDGET BY STATE
Wonder weapon? Five things about US Tomahawks coveted by Ukraine
The Tomahawk cruise missile, set to be at the centre of talks between Donald Trump and Ukrainian President Volodymyr Zelensky, has been a mainstay of the US armed forces for over four decades and repeatedly used with success in the theatre of war. - Mainstay of US armed forces - The Tomahawk is a cruise missile that has been in service for 42 years and since then used in almost all US military interventions.
Assam Cabinet approves “The Assam Satra Preservation and Development Commission Bill, 2025"
Assam's government is set to preserve its sacred Satra institutions with a new bill. Land rights will be granted to tea garden workers. A significant investment is approved for a new fertilizer plant, promising jobs and economic growth. The Prime Minister is expected to lay the foundation stone for the project soon.
Embattled French PM Sebastien Lecornu survives no-confidence vote in Parliament
French Prime Minister Sebastien Lecornu narrowly survived a no-confidence vote, averting immediate political chaos and allowing him to focus on the crucial 2026 budget. His survival also prevents President Macron from needing to call snap legislative elections, a move he had considered if the government fell.
French PM Sebastien Lecornu faces uphill task to form government
French Prime Minister Sebastien Lecornu is negotiating to form a new government after his first collapsed, facing a tight deadline to present a draft budget. Despite losing the support of the right-wing Republicans, Lecornu has pledged to work with mainstream parties to address France's public debt and deficit concerns.
France gets new Prime Minister Sebastien Lecornu - second time PM in one week. Can Emmanuel Macron save government this time?
In naming Sebastien Lecornu, 47-year-old Emmanuel Macron risks the wrath of his political rivals, who have argued that the best way out of the country's deepest political crisis in decades was for Macron to either hold snap parliamentary elections or resign.
Social Security boost: Michigan exempts benefits, tips, and overtime from state taxes — average resident could save $500 a year
Michigan just eliminated state taxes on Social Security. This change saves seniors about $500 yearly. It boosts retirement income at a time when costs are rising. The law also removes taxes on tips and overtime pay, increasing take-home pay for workers. Families benefit, too, with bigger tax credits and refunds averaging $3,000. This new law helps seniors and working families keep more money. It simplifies tax filing and supports financial stability. Michigan’s move sets a strong example for other states to follow.
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IRS announces new federal income tax brackets for 2026: what’s changing, who benefits, and how the new rates could impact your 2026 tax bill
The IRS has announced the new federal income tax brackets for 2026. The update brings small but important changes. A 2% inflation adjustment will shift income thresholds slightly. The familiar seven-rate system stays. Millions of Americans will see modest relief as deductions and credits rise next year.
Is $1.5 million enough to retire? Here's how far it really gets you across all 50 states
Best states to retire: Retirement savings figures like $1.5 million can last decades across most US states, contrary to popular belief. While expensive states like Hawaii and Massachusetts significantly shorten this duration, affordable regions such as West Virginia and Kansas offer over 50 years of financial security. This highlights the crucial role of cost of living in retirement planning.
US govt shutdown: White House says no layoffs yet, but warns they could come
The White House backtracked on claims of federal employee layoffs due to the shutdown, though job losses remain a possibility as the standoff continues into its seventh day. Senate Republicans rejected dueling funding measures, with no agreement reached between President Trump and Democratic leaders on healthcare subsidies or ongoing negotiations.
Macro the Mightiest: ET Prime Special Series - Part 2 (B): Inflation… understand it because it means a lot to the stock market
This series aims to treat macroeconomics as a toolkit, not a lecture: Yes it is long read; maybe boring. So why read it? Because what finally matters to the stock market is a company’s earnings. And what impacts earnings is the macroeconomic condition of a country. So, to understand the market, you have to understand macroeconomics and its elements. In Part 2 (A) of the series, we looked at inflation, providing an overview of the different types of inflation, how it is calculated, and rural-urban and other variations that impact your wealth. In Part 2 (B) we will look at how inflation does not affect everyone equally, creating winners and losers. It will also tell you how to become “inflation-aware” and protect your wealth.
White House freezes funds for Democratic states in shutdown slap
The Trump administration froze $26 billion for Democratic-leaning states, targeting transit and green energy projects amidst an ongoing government shutdown. Vice President JD Vance warned of potential federal worker layoffs if the impasse continues. Democrats Hakeem Jeffries and Chuck Schumer condemned the move as "blackmail," while Senate efforts to fund the government failed.
Trump freezes $26 Billion as shutdown battle hits $1.7 trillion budget fight
The U.S. government shutdown has stopped many services and put thousands of workers at risk. President Donald Trump froze billions in funds for Democratic states, while both parties blame each other. The big fight is over the $1.7 trillion budget, and there is no deal yet to reopen the government.
Social Security and Medicare safe during government shutdown, payments will continue
Even if the government shuts down, Social Security and Medicare benefits will keep coming. Monthly checks, doctor visits, and prescriptions are safe because these programs are funded by law and payroll taxes. Some office services may slow down, and wait times could increase, but your payments and coverage will not stop during a shutdown.
US Government shutdown 2025: will social security and SSI payments continue during federal funding lapse
Social Security and SSI payments will continue during the Oct. 1, 2025 government shutdown affecting 74 million Americans. Benefits are funded through mandatory spending, but some Social Security Administration services face delays. Essential federal operations continue while non-essential services halt
What remains open and what closes amid US government shutdown?
A US government shutdown is possible if a spending bill is not passed. Thousands of federal employees would be off duty. Social Security and Medicare payments will continue. Food aid programs also remain operational. Postal services are unaffected. Air traffic controllers and military personnel would work without pay. Federal courts might face funding issues. Economic data publication will be suspended.
US government lurches toward shutdown, Trump threatens fresh cuts
The U.S. government is poised for a shutdown after a Senate vote to extend funding failed, driven by deep partisan divides over healthcare subsidies. President Trump's threats of layoffs and withholding funds exacerbate the crisis, potentially disrupting essential services and leaving thousands of federal workers unpaid. This impasse highlights routine budget stand-offs.
100,000 federal workers to resign Tuesday in largest mass departure from US government under Trump administration cuts
More than 100,000 federal workers will formally resign Tuesday under Trump's deferred resignation program, marking the largest single-year decline in civilian federal employment since World War II. The program affects 275,000 total employees across multiple agencies, costing $14.8 billion while administration officials claim long-term savings of $28 billion annually
Social security big update: New bill promises tax-free benefits for retirees in US. Are you eligible?
A proposed federal law, the 'You Earned It, You Keep It Act,' aims to eliminate federal income taxes on Social Security benefits starting in 2026. Introduced by Rep. Josh Riley, the bill seeks to allow retirees to retain more of their earned benefits by increasing the payroll tax wage base.
Social Security’s 2026 COLA could make history — here’s why it’s not enough
The 2026 Social Security COLA is historic in size but may not be sufficient for many Americans to keep up with the rising cost of living. Analysts estimate a 2.8% COLA for 2026, a significant increase from the 2.5% adjustment in 2025 and the 3.2% in 2024. For instance, the average monthly Social Security benefit is around $1,700, so a 2.8% increase would add approximately $48 to $50 per month.
5 fall habits that could add $190 to your bills — financial expert sounds the alarm
Many Americans feel behind on money and worry about finances. Living paycheck-to-paycheck and having little retirement savings is common. If you save money, reduce financial stress, or invest for the future, you are ahead of half the country. Simple financial habits like saving, planning, and smart investing can improve your money situation and give you more security.
By 2032, Social Security is projected to be insolvent — Trump’s chief teases new rules for retirees
Social Security in the U.S. is facing money problems by 2032. Officials say new rules may come for future retirees, like changes in retirement age or income limits. The number of older people is rising fast, and this is also affecting jobs and unemployment. Big decisions will be needed to keep the system strong.
CEA Nageswaran flags 'critical trade-offs' in energy transition
CEA V Anantha Nageswaran cautioned that India's sustainability path must align with economic aspirations, highlighting trade-offs in energy transition and fiscal stability. He emphasized that climate goals shouldn't hinder developing nations' progress, advocating for prioritizing Sustainable Development Goals. Nageswaran urged developed nations to share technology and finance, while India should focus on climate adaptation and sustainable practices.
India’s silver economy: Senior care poised for $50 billion growth
India's senior care sector is experiencing rapid growth, driven by a growing elderly population and changing family structures. Valued at $10-15 billion, the industry is projected to reach $30-50 billion in the next decade, fueled by private investment and technological advancements. While challenges remain in regulation and workforce training, optimism is high, with stakeholders confident in the sector's future.
European countries near Russia puzzled by US plans to cut defense funding
The Trump administration's plans to potentially halt security assistance funding to European countries bordering Russia have sparked confusion and concern. Baltic defense leaders claim they haven't received official notification of the cuts, which could impact programs like the Baltic Security Initiative.
September 2025 Social Security payments: Who gets the first checks next week and when will the rest arrive?
Millions of Americans are about to see their September 2025 Social Security checks, but the timing looks different this month. With Labor Day pushing payments around, some recipients were paid as early as August 29, while others won’t see deposits until the second, third, or even fourth Wednesday of September.
Car insurance discount check list; these tips will help you save money
US military members and veterans can save money on car insurance. Insurers offer discounts for service, deployment, and veteran status. USAA and GEICO provide specific military discounts. Louisiana mandates a discount for active-duty members. Veterans need proof of service to apply. Other savings include bundling and good driver discounts. Comparing quotes helps maximize savings.
September Social Security payment arrives early: $967 SSI checks hit today — see who qualifies
September Social Security payment of up to $967 arrives today, August 29, as the SSA issues SSI checks early due to Labor Day. Beneficiaries — including seniors, disabled individuals, and those with limited income — will see funds land ahead of schedule, with eligibility and payment amounts varying by filing status.
Trump administration's land conservation projects in limbo
Funding for US conservation projects faces uncertainty. Projects across 38 states are in limbo. Donald Trump's administration considers redirecting funds. This affects land and water conservation. The Land and Water Conservation Fund is impacted. Concerns rise over potential land sales to developers. Conservationists urge Trump to uphold his commitment. The fund aims to expand public access and protect natural resources.
Social Security September 2025 payments coming early: who qualifies, when and how much you will get
Social Security September 2025 payment schedule is set, and beneficiaries need to plan carefully. With Labor Day affecting usual dates, SSI payments arrive early on August 29, while Social Security retirement and disability benefits follow a staggered schedule based on birth dates: September 3, 10, 17, and 24.
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