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Poor Economy Worsens Social Security’s Finances

The government says a bad economy and higher energy prices have worsened the finances of Social Security, shortening the life of the trust funds that support the program by three years.

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GOP Leaders Hope for Agreement on Payroll Tax Cut

Top House Republicans hope to win rank-and-file GOP support for a measure renewing this year's Social Security payroll tax cut and extending benefits for the long-term unemployed.

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Social Security Raise Welcomed in Tough Economy

For some, the just-announced increase in Social Security checks amounts to an extra meal out, a little more cash for clothes or a new pair of shoes, some added comfort in retirement. For Elizabeth Davis, it's a crucial boost to the only thing keeping her afloat.

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