Economy & Investments, News

Bigger Checks for Social Security Recipients

Social Security payments are going up by 2.8 percent starting in 2019, the biggest increase in seven years since an increase of 3.6 percent in 2012 according to a MarketWatch report. A report by the U.S. Bureau of Labor Statistics (BLS) reveals the increases are due to a 0.1 percent rise in the Consumer Price Index (CPI) last month. The 2.8 percent increase means an additional $472 annually or $39 per month. It’s a small number individually but translates to a massive increase in consumer spending that should further boost the economy next year. More good news for President Trump.

Here’s more from Breitbart…

Retired Americans collecting Social Security payments will get their biggest payout in seven years starting in 2019.

Social Security benefits are slated to go up by 2.8 percent in 2019, making it the biggest gain for Social Security beneficiaries since payouts rose by 3.6 percent in 2012, MarketWatch reported Thursday.

The government released the figures after the U.S. Bureau of Labor Statistics (BLS) published its Consumer Price Index (CPI) Summary on Thursday. All increases in Social Security benefits are determined by the CPI, which rose by 0.1 percent in September.

The average recipient in 2018 got an estimated $1,405 per month in benefits. The 2.8 percent increase would tack on an additional $472 a year, or $39 per month, to those benefits.

The increase in benefits would be a welcome income boost to the 60 million retirees receiving them. Benefits rose just two percent in 2018 and 0.3 percent the year before.

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News, Politics

Obama Used Pseudonym to Email Hillary on Private Server

President Obama used a pseudonym when sending or receiving emails through the private server system Hillary Clinton used as secretary of state, according to nearly 200 pages of documents released Friday by the FBI.

Included in the documents are notes from an April 2016 interview with long-time Clinton aide Huma Abedin, conducted in connection with the FBI’s two-year investigation into Clinton’s use of the private server for official correspondence.

One note was about the FBI showing Abedin an email address “believed to be a pseudonym used by the President,” as reported by Politico and other news-gathering agencies.

Abedin said she didn’t recognize the name and “expressed her amazement” that Obama apparently used a pseudonym.

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Elections, News

Flip: Ted Cruz Says He Will Vote for Trump

Sen. Ted Cruz announced Friday that he will vote for ex-primary foe Donald Trump in November and urged others to do the same, reversing course to back the Republican nominee two months after he stunned the party brass by withholding his endorsement at the Cleveland convention.

Cruz and Trump were bitter rivals in the final stretch of the primary campaign. The Texas senator’s announcement of support, made on Facebook, comes just days before the first debate between Trump and Hillary Clinton.

“Like many other voters, I have struggled to determine the right course of action in this general election,” Cruz said in his statement.

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