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The combined trust funds for Social Security are projected to run out a year later than previously expected, a board of trustees of the program’s accounts said Monday. In the latest report, trustees expect the projected depletion date for the Old-Age and Survivors Insurance (OASI) Trust Fund, which pays out Social Security benefits to retirees, and the program’s smaller Disability Insurance (DI) Trust Fund is 2035. Biden administration officials said the projected depletion date for the OASI trust funds has moved to November 2033, seven months later than last year’s projection, partly due to economic growth. On a call with...

The collapse of the Francis Scott Key Bridge in Baltimore came as quite a shock. After a massive container ship struck one of the bridge’s pillars, the entire span quickly fell apart, costing several lives. It’s hard to overstate the bridge’s importance, particularly for the automobile industry. In addition to handling 11 million vehicles per year, it provided a vital way for trucks to access the Port of Baltimore while avoiding the dense city core. The impact on the region will be felt for months, if not years. The question is, what now? President Joe Biden has said that the...

In a revelation that may unsettle many taxpayers, the U.S. Government Accountability Office (GAO) has brought to light a staggering figure of $236 billion in improper or incorrect payments made under the Biden administration last year alone. This sum, which does not even fully account for all susceptible programs, indicates a level of fiscal mismanagement that demands immediate attention and action. The breakdown provided by the GAO is particularly alarming, with Medicare and Medicaid together accounting for nearly $100 billion of this colossal waste. Such figures not only represent a “material deficiency or weakness in internal controls” within these agencies,...

In a surprising turn of events, Dolton Mayor Tiffany Henyard has vetoed a unanimous board resolution aimed at investigating her use of tax funds, plunging the town into a storm of controversy. The mayor defends her veto by asserting it’s a preventative measure against potential personal attacks. Mayor Henyard’s actions have triggered public outrage, as recent revelations shed light on the alleged misuse of taxpayer money. Accusations range from indulging in lavish trips to orchestrating a $1 million giveaway and maintaining a $1 million police detail, all while drawing a hefty annual salary of $287,000.

A San Diego migrant center announced it will be forced to close its doors Thursday after running out of funds to assist the overwhelming number of asylum-seekers who have illegally crossed into the county. The mayor of nearby El Cajon, Calif., told Fox News Thursday that he fears the welcome center’s closure will quickly become a “serious problem” for his community. “Over the past few months, we’ve seen 100,000 migrants come across the San Diego border,” Mayor Bill Wells told “Fox & Friends First.” “A lot of those have been absorbed by this county shelter that used taxpayer money. They...

The Biden administration is facing a new congressional probe after an agency that distributed tens of billions of dollars from the American Rescue Plan failed to stop $127 million from going to deceased participants in a Teamsters’ pension fund. The House Education and Workforce Committee sent a letter on Tuesday to the Pension Benefit Guaranty Corporation (PBGC), demanding records related to the agency’s “mismanagement” and “overpayment” to the union pension plan, according to a copy of the missive exclusively obtained by The Post. “As part of this investigation, the Committee requests documents and information relating to PBGC’s disbursal of these...

ELBURN, Ill. (WLS) -- With more than seven buses carrying migrants expected to arrive in Chicago Friday, Mayor Brandon Johnson joined other mayors to emphasize that cities are reaching a breaking point. "Without a coordinated effort, this is going to crush local economies because there is a financial responsibility we have all taken on," he said. Johnson told city council members the cost of migrant support is approaching $300 million this year. He plans to shift $95 million in federal COVID relief funds to cover some of the costs. "At least that prevents us from having to dip into the...

Suitcases with funds amounting to over NIS 5 million (about $1.3 million) were found in the home of a senior Hamas member in the Jabalya area, the IDF Spokesperson’s Unit said on Monday. Additionally, many weapons were found by soldiers from the 551st Brigade in the Hamas member’s home.

resident Joe Biden will use special wartime powers to boost US production of heat pumps, by funding nine manufacturing projects with $169 million from last year's climate bill, the Energy Department said on Friday. The awards were granted under the emergency authority of the Cold War-era Defense Production Act (DPA), which Biden invoked on the basis of climate change to boost spending on clean energy technology. 'The President is using his wartime emergency powers under the Defense Production Act to turbocharge US manufacturing of clean technologies and strengthen our energy security,' said Biden's National Climate Advisor Ali Zaidi in a...

Send money. That was the plea from the United Nations in Geneva, Switzerland, on Friday as the globalist organization flagged it will more than quadruple its initial appeal for funds to help respond to the crisis across Gaza to about $1.2 billion. AP reports spokesperson Jens Laerke of the U.N. Office for the Coordination of Humanitarian Affairs said the current appeal, launched Oct. 12, for $297 million has been only about one-quarter funded. The Biden administration is leading the way with a donation of $24 million in U.S. taxpayer dollars.

FIRST ON FOX: Republicans on the House Budget Committee are demanding a full accounting of all funds sent by the United States to Ukraine amid its war with Russia.Chairman Jodey Arrington, R-Texas, and Budget Committee Oversight Task Force Chairman Jack Bergman, R-Mich., directed a letter to Office of Management and Budget (OMB) Director Shalanda Young, demanding transparency regarding the strategy behind sending billions of dollars overseas."It has now been over 20 months since Russia invaded Ukraine. Congress has provided $114 billion in supplemental appropriations – not including potentially billions in additional repurposed, transferred, and reprogrammed funds – and yet we...

Former Speaker Kevin McCarthy (R-Calif.) is calling on President Biden to refreeze $6 billion in Iranian funds in the wake of the recent attacks on Israel by Hamas. In a lengthy address laying out a five-step plan to address the escalating conflict in Israel, McCarthy took aim at the Biden administration for its prisoner swap with Iran and its decision to unfreeze $6 billion in frozen Iranian funds in exchange for the freedom of five wrongfully detained American citizens. “Biden’s policy on appeasement, including money for hostage deals, must come to an end,” McCarthy said Monday. “His policy has only...

Iranian President Ebrahim Raisi said the $6 billion in funds the U.S. agreed to unfreeze in exchange for five U.S. prisoners will be spent “wherever we need it,” despite the Biden administration saying the funds are restricted to humanitarian use. When asked in an interview with NBC’s Lester Holt about the funds, Raisi said Iran would have “authority” over how the funds will be spent. “This money belongs to the Iranian people, the Iranian government, so the Islamic Republic of Iran will decide what to do with this money,” he said, according to an Iranian government translator.

Florida Governor Ron DeSantis‘ presidential campaign raised more money in its first quarter than former President Donald Trump’s current campaign raised in its first two quarters combined, according to newly released data. The DeSantis campaign announced that it raised $20 million in its first six weeks, which it boasted was “the largest first-quarter filing from any non-incumbent Republican candidate in more than a decade.” “It bests the $18.3 million former president and quasi-incumbent Donald Trump’s campaign raised during its first two fundraising quarters as a candidate ($3.8 in Q4 2022 and $14.5 in Q1 2023),” the campaign added. All of...

FTX is seeking to claw back some $700 million from a former aide to Hillary Clinton-turned Hollywood super agent who was allegedly showered with cash by disgraced fallen crypto mogul Sam Bankman-Fried. The bankrupt cryptocurrency exchange took legal action on Thursday against Michael Kives, who was an assistant to then-Sen. Hillary Clinton (D-N.Y.), and his company, K5 Global, and firm co-founder Bryan Baum. According to court papers filed in bankruptcy court in Delaware, Bankman-Fried authorized the transfer of $700 million to K5 entities in 2022, and he leaned on K5’s celebrity and business connections in his effort to obtain rescue...

President Biden on Tuesday said rescinding unspent COVID-19 relief funds is “on the table” when it comes to an area where he and lawmakers can agree to make some spending cuts — but he was vague on whether that could also be part of debt ceiling talks. When asked if he would consider clawing back the unspent funds “even if it’s independent on these debt limit discussions,” Biden appeared to leave that option open.

New York City teachers, cops and firefighters lost nearly $30 million in pension funds tied to the collapse of Silicon Valley Bank. Critics accuse Comptroller Brad Lander, who is custodian of the pension systems, of favoring the “woke” bank over shareholders. Five city pension funds had a total of $41,867,214 invested in the doomed bank as of Jan. 31, according to data provided by the comptroller’s office under a Freedom of Information request by The Post.

White House press secretary Karine Jean-Pierre said Friday it was “bizarre” that House Republicans want to rescind unobligated coronavirus aid funds to the Treasury Department. Fifty to sixty billion dollars in coronavirus taxpayer funds are unspent, according to FreedomWorks. President Joe Biden suspended the coronavirus national emergency in April. “Would he [Biden] be interested in reviewing whether there is some of that [COVID] money that could be returned to Treasury?” a reporter questioned Jean-Pierre during the White House press briefing.

South Carolina Democratic Rep. James Clyburn funneled six figures worth of campaign cash to two of his family members throughout the 2022 election cycle, filings show. The longtime congressman's campaign largesse included forking tens of thousands of dollars over to a company linked to his son-in-law. He also sent nearly $100,000 to his grandson, Federal Election Commission records show. While it's legal for federal politicians to pay family members from their campaigns, ethics experts have generally disapproved of the practice. Despite this, both political parties have taken advantage of the perk. Clyburn's family payments the last election cycle include $57,500...

While millions of jobless Americans struggled to make ends meet during devastating government-mandated lockdowns, thousands of federal employees double-dipped from taxpayer-funded pandemic unemployment funds while mostly working from home. Despite staying on taxpayers’ payroll during the height of the pandemic panic, greedy bureaucrats in the Internal Revenue Service, Transportation Security Administration, Federal Emergency Management Agency, United States Postal Service, Amtrak, and the Secret Service defrauded taxpayers out of millions more dollars under the guise of Covid unemployment fund and wage assistance programs. In the Department of Homeland Security alone, nearly 2,000 ineligible or potentially ineligible employees received lost wage assistance...