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“My commitment to the safety of the Jewish people, the security of Israel, and its right to exist as an independent Jewish state is ironclad. The former was appointed finance minister and was given responsibility for West Bank settlements. After the October 7 terrorist attack, Netanyahu had an opportunity to remove Smotrich and Ben Gvir from their posts when the first offer from the opposition for a unity government involved their elimination from the cabinet. It also gives license to followers of these extremists to, as we have seen, attack Palestinians in the West Bank and even to attack a Jordanian aid convoy. At the same time, Israel has continued with significant expansion of settlements on the West Bank.
Persons: Richard J, Davis, Joe Biden, , , Richard Davis, Benjamin Netanyahu, Netanyahu, Israel, Bezalel Smotrich, Itamar Ben Gvir, Ben Gvir, Yitzhak Rabin, Netanyahu’s Organizations: Treasury, CNN, US, Capitol, West Bank, New York Times, Israeli Defense Forces, Twitter, Facebook, United Locations: Carter, Israel, West Bank, Gaza, Oslo Peace, Jordanian, United States
Changpeng Zhao, the founder and former CEO of crypto exchange Binance, heads to a Seattle courtroom on Tuesday to learn whether the crimes he admitted to committing will land him in prison for an extended sentence. As part of his plea deal with the Department of Justice, Zhao agreed to step down as CEO. Once a titan of the crypto sector, Zhao grew Binance into the world's largest centralized crypto exchange globally. Unlike rival exchange FTX, which collapsed into bankruptcy when founder Sam Bankman-Fried was criminally charged, Binance has continued to operate. Binance processed a whopping $18.1 trillion worth of trading volume in 2023, according to data from CCData, a crypto market data firm.
Persons: Changpeng Zhao, Zhao, Richard Jones, Binance, Sam Bankman, Fried, Nansen, he's Organizations: Department of Justice, District, Prosecutors, Bank, U.S, Justice Department, Futures Trading Commission, Treasury Department, SEC Locations: Seattle, U.S, CCData, Iran
Cryptocurrency exchange Binance founder and CEO Changpeng Zhao speaks at a Binance fifth anniversary event in Paris, France, July 8, 2022. Former federal prosecutor Neama Rahmani agrees, adding that Zhao's personal wealth won't be affected by his sentence. That's a different siutation from Sam Bankman-Fried, the controversial ex-CEO and founder of crypto exchange FTX. Bankman-Fried received a 25-year prison term for crimes connected to the operation of his crypto exchange. "Negative long-term impact on Binance will diminish the value of CZ's investment in the crypto exchange," said Yadav.
Persons: Changpeng Zhao, Reuters Changpeng Zhao, Zhao, Gabriel Abed, Richard Jones, Tre Lovell, Neama Rahmani, David Ryder, Binance, Braden Perry, Sam Bankman, Joshua de Vos, de Vos, Fried, Yesha Yadav, That's, Forbes, he's, Lucas Kiely, Kiely —, , Yadav, it's Organizations: Staff, Reuters, CNBC, U.S, U.S . Department of Justice, District, Toyota, Bloomberg, Getty, Bank, Commodity Futures Trading Commission, Vanderbilt University, Department, Securities and Exchange Commission, SEC Locations: Paris, France, Seattle, Zhao, Binance, Los Angeles, Seattle , Washington, Dubai, U.S, bitcoin, Iran
With the English Premier League club vying to win an historic quadruple this season, and with injuries ravaging the senior squad, manager Jurgen Klopp has turned to the club’s famed academy for help. And while Danns and Koumas got on the scoresheet, 19-year-old Bobby Clark produced an assist for the latter. Jon Super/APHis father, former Premier League player Neil Danns, was at Anfield to watch his son score his first two goals for the senior side. Bobby Clark, perhaps the standout star from this latest crop of players, talking with Liverpool manager Jurgen Klopp. Inglethorpe recently spoke to Liverpool Jamie Carragher about the demands and expectations set for youngsters coming through the ranks at the Premier League club, and it’s clear that character means just as much as talent.
Persons: Jurgen Klopp, they’ve, , Lewis Koumas, Jayden Danns –, Koumas, Danns, Liverpool –, , Bobby Clark, James McConnell, Kaide Gordon, Trey Nyoni, Nyoni, it’s, Clark, Jayden Danns, Jon Super, Neil Danns, I’m, ” Danns, , ” Lewis Koumas, Jason Koumas, Liverpool’s, Jayden, Richard Jolly, Peter Byrne, Lee Clark, “ I’d, ” Clark, Justin Setterfield, Alex Inglethorpe, Inglethorpe, Liverpool Jamie Carragher, Klopp, ” Inglethorpe, Carragher Organizations: CNN, English Premier League, hasn’t, Liverpool, Southampton, FA, Premier League, Anfield, Wembley, Chelsea, Tranmere, Athletic, Wales, Wigan, West Bromwich Albion, Newcastle, Fulham, Premier League club, Manchester United, Sparta Prague, Europa League Locations: Anfield, Newcastle, Sudan, Oman, Liverpool, The Telegraph
U.S. prosecutors Friday asked a judge to tighten the bond conditions of billionaire Binance founder Changpeng "CZ" Zhao as he awaits his April sentencing for breaking a federal anti-money laundering law, court filings show. Under the proposed bond, Zhao would be required to provide prosecutors and pretrial services with at least three days' notice before any travel within the country, to give them time to raise any potential objections. An attorney for Zhao did not immediately respond to CNBC's request for comment. Pretrial Services also recommended "a location-monitoring condition," the filing said in a footnote. The filing does not explicitly ask the judge to impose that condition.
Persons: Changpeng Zhao, Binance, Changpeng, Zhao, Richard Jones Organizations: Viva Technology, Porte de, U.S, Zhao, Canadian, United, United Arab Emirates, Court Locations: Porte, Paris, United States, United Arab, Seattle, Washington
'Deteriorating' retirement outlookAbout 38% of early millennials (those born in the 1980s) will have "inadequate" retirement income at age 70, according to projections from a 2022 Urban Institute study. watch now"We do see the retirement outlook deteriorating for future generations," including millennials, said Richard Johnson, director of Urban's retirement policy program and co-author of the report. Millennials' student loans dent their net worthA 2021 paper by the Center for Retirement Research at Boston College had similar findings. Meanwhile, the last major Social Security overhaul, in 1983, gradually raised the program's "full retirement age" to 67 years old. That will make it easier to save for retirement, according to a Brookings Institution report.
Persons: Jamie Grill, Craig Copeland, Gen X, Xers, Richard Johnson, Johnson, aren't, Millennials, Gen Xers, CRR, X, EBRI, Anqi Chen, Copeland, millennials, they're, William Gale, Hilary Gelfond, Jason Fichtner, there's, Sean Deviney, Deviney Organizations: Social Security, Research Institute, Urban, Center for Retirement Research, Boston College, Research, Transamerica Center, Retirement Studies, Finance, IRA, Pensions, Social, Center, Budget, Brookings Institution, Vanguard Group Locations: U.S, Fort Lauderdale , Florida
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarathon Asset Management CEO: The economy right now is great for both credit and equitiesMarathon Asset Management CEO Bruce Richard joins 'Money Movers' to discuss his expectations for the Federal Reserve this year, how investors should consider equities, and more.
Persons: Bruce Richard Organizations: Management, Federal Reserve
In the final minutes of a congressional hearing on Wednesday in which tech chief executives were berated for not protecting children online, Senator Richard J. Durbin, Democrat of Illinois, urged lawmakers to act to safeguard the internet’s youngest users. Lawmakers have long made similar statements about holding tech companies to account — and have little to show for it. Yet for years, that was where it ended: with no new federal regulations for the companies to follow. And already, there are indicators that the topic of online child safety may gain more traction legislatively. The efforts are backed by emotional accounts of children who were victimized online and died by suicide.
Persons: Richard J, Durbin, Organizations: Lawmakers, Republicans, Democrats Locations: Illinois
President Biden and Senate Democrats have fallen behind the rapid pace set by Republicans in shaping the federal courts during the Trump era, but they have made fresh headway in advancing judicial nominees in states represented by Republicans. By negotiating with Republicans over judicial picks, Mr. Biden and majority Democrats have been able to exert some influence over the makeup of trial courts in red states and install people of color on the bench for the first time in some regions. “It has worked because I think I have convinced the White House that it is better to get a moderate Republican today than a MAGA Republican tomorrow,” said Senator Richard J. Durbin, the Illinois Democrat who chairs the Judiciary Committee. Still, the Senate would need to confirm at least 63 more judges this year to match or better the record of the Trump years, when Senator Mitch McConnell, the Kentucky Republican who was then the majority leader, pushed through 234 conservative-leaning jurists, including three to the Supreme Court.
Persons: Biden, Trump, , Richard J, Durbin, Mitch McConnell Organizations: Senate, Republicans, Republican, MAGA Republican, Illinois Democrat, Kentucky Republican, Supreme Locations: MAGA
Details of the medical procedure were also blacked out in the letter, which noted that federal prosecutors had not consented to Zhao's request. Jones held a closed hearing on the request on Dec. 29, and denied Zhao's bid to travel, court records show. Jones earlier in December rejected another request to allow Zhao to travel to the UAE. The judge said Zhao's "enormous wealth" made him a significant flight risk. His family resides in the UAE and it appears that he has favored status in the UAE," Jones wrote in a six-page order on Dec. 7.
Persons: Zhao Changpeng, Binance, Changpeng, Richard Jones, Zhao, Judge Jones, Jones, Zhao's Organizations: Viva Technology, Porte de, United Arab Emirates, Jan Locations: Porte, Paris, France, U.S, Seattle, Abu Dhabi, UAE, United States
(Full disclosure: I briefly hosted a television show for Sports Illustrated a few years back that no one watched.) But the only difference between those sports sites using AI writers and other sports sites using AI writers is that people actually used to enjoy Sports Illustrated and Deadspin; Yahoo, for example, has been contracted with a company called “Automated Insights” to write AI sport stories for years. Another game I like to play in my downtime is NBA2K, the wildly popular NBA video game. But in the game, Aldridge is not real; he’s just some pixels synced to audio the real Aldridge recorded years ago. Sports writers insist, as we fight back against a creeping AI world, that we can always do our jobs better than a robot can.
Persons: Will Leitch, , it’s, I’m, , William Faulkner, Robert Frost, John Steinbeck, AdVon, Richard Johnson, Emma Baccellieri, Pat Forde, Tom Verducci, you’ve, It’s, Fox, Charissa Thompson, I’ve, Hall, Hall of Famer Andrea Kremer, Thompson, , can’t, Curt Gowdy, David Aldridge, Aldridge, Video Aldridge, Julius Randle, Randle, … I’d Organizations: New York Magazine, CNN, Park Baseball, MLB, Sports, The Arena Group, The, Group, Sports Illustrated, Yahoo, Amazon, Hall of Famer, New York Times, NBA, Video Knicks
REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsNov 27 (Reuters) - Former Binance chief Changpeng Zhao must stay in the United States for the time being, a federal judge said on Monday, after the founder of the world's largest cryptocurrency exchange pleaded guilty to violating U.S. anti-money laundering laws. U.S. District Judge Richard Jones in Seattle said he would review whether Zhao should have to stay in the United States after the U.S. government appealed a decision by another judge allowing Zhao to return to the UAE before his Feb. 23 sentencing hearing. Last week, Zhao conceded: "I made mistakes, and I must take responsibility." The government had said it may be unable to secure Zhao's return to the United States given it has no extradition treaty with the UAE. Lawyers for Zhao disputed that he was a potential flight risk, noting that he paid a "substantial" bail package and voluntarily came to the United States to accept responsibility for his actions.
Persons: Zhao Changpeng, Binance, Benoit Tessier, Changpeng Zhao, Zhao, Richard Jones, Chris Prentice, Hannah Lang, Michelle Price, Bill Berkrot Organizations: Viva Technology, Porte de, REUTERS, United Arab, District, U.S, UAE, Binance Holdings, Justice, Lawyers, Thomson Locations: Porte, Paris, France, United States, Seattle, United Arab Emirates, Canada, Binance, New York, Washington
Binance founder Changpeng Zhao, who pleaded guilty last week to criminal charges tied to his cryptocurrency exchange, has to remain in the U.S. at least temporarily, according to a ruling Monday by a federal judge. Zhao was released on a $175 million bond last week and has a sentencing hearing scheduled for Feb. 23. Prosecutors said they'd already made an "exceptional recommendation" in suggesting that Zhao be allowed to remain free until his sentencing. Zhao agreed to step down as CEO of Binance as part of a $4.3 billion settlement with the Department of Justice. WATCH: Binance settlement a 'win' for the exchange and the industry
Persons: Changpeng Zhao, Zhao, Richard Jones, Prosecutors, they'd, Binance Organizations: Viva Technology, Porte de, Prosecutors, United Arab Emirates, U.S, Binance, Department of Justice, Justice Department Locations: Porte, Paris, U.S, Seattle, UAE, United States
Lawyers for former Binance CEO Changpeng Zhao are urging a U.S. judge to reject the Justice Department's request to bar him from returning to his home in the United Arab Emirates until he is sentenced for violating anti-money laundering requirements. Zhao's lawyers in a Thursday filing asked U.S. District Judge Richard Jones in Seattle not to reverse bail conditions set by a magistrate judge on Tuesday that would allow him to leave the U.S. while awaiting sentencing. The Justice Department has asked Jones by Monday to reverse a decision by U.S. Magistrate Judge Brian Tsuchida to allow Zhao to return home to the UAE ahead of his Feb. 23 sentencing after he agreed to release him on a $175 million bail bond. Allowing Zhao to return to the UAE would allow him to take care of his partner and three children and prepare them for his sentencing, defense lawyers argued. "In the vast majority of cases, a multi-billionaire defendant who has pleaded guilty, faces possible prison time, and lives in a country that does not extradite its citizens to the United States would be detained," Justice Department lawyers said.
Persons: Zhao Changpeng, Binance, Changpeng Zhao, Richard Jones, Zhao, Jones, Brian Tsuchida Organizations: Viva Technology, Porte de, United Arab Emirates, U.S, District, Islamic, U.S . Commodity Futures Trading Commission, Justice Locations: Porte, Paris, France, Seattle, U.S, UAE, Canada, Binance, al Qaeda, Islamic State, Iraq, Syria, United States
Zhao's lawyers in a Thursday filing asked U.S. District Judge Richard Jones in Seattle not to reverse bail conditions set by a magistrate judge on Tuesday that would allow him to leave the U.S. while awaiting sentencing. Zhao, a citizen of the UAE and Canada, stepped down as CEO of Binance on Tuesday after pleading guilty to willfully causing the global cryptocurrency exchange to fail to maintain an effective anti-money laundering program. Allowing Zhao to return to the UAE would allow him to take care of his partner and three children and prepare them for his sentencing, defense lawyers argued. The Justice Department did not respond to a request for comment on Friday. Reporting by Nate Raymond in Boston, Editing by Alexia Garamfalvi and Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.
Persons: Zhao Changpeng, Binance, Benoit Tessier, Changpeng Zhao, Richard Jones, Zhao, Jones, Brian Tsuchida, Nate Raymond, Alexia Garamfalvi, Marguerita Choy Organizations: Viva Technology, Porte de, REUTERS, United Arab Emirates, U.S, District, Islamic, U.S . Commodity Futures Trading Commission, Justice, Thomson Locations: Porte, Paris, France, Seattle, U.S, UAE, Canada, Binance, al Qaeda, Islamic State, Iraq, Syria, Boston
Zhao's lawyers in a Thursday filing asked U.S. District Judge Richard Jones in Seattle not to reverse bail conditions set by a magistrate judge on Tuesday that would allow him to leave the U.S. while awaiting sentencing. Zhao, a citizen of the UAE and Canada, stepped down as CEO of Binance on Tuesday after pleading guilty to willfully causing the global cryptocurrency exchange to fail to maintain an effective anti-money laundering program. Allowing Zhao to return to the UAE would allow him to take care of his partner and three children and prepare them for his sentencing, defense lawyers argued. The Justice Department did not respond to a request for comment on Friday. Reporting by Nate Raymond in Boston; Editing by Alexia Garamfalvi and Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.
Persons: Zhao Changpeng, Binance, Benoit Tessier, Changpeng Zhao, Richard Jones, Zhao, Jones, Brian Tsuchida, Nate Raymond, Alexia Garamfalvi, Marguerita Choy Organizations: Viva Technology, Porte de, REUTERS, United Arab Emirates, U.S, District, Islamic, U.S . Commodity Futures Trading Commission, Justice, Thomson Locations: Porte, Paris, France, Seattle, U.S, UAE, Canada, Binance, al Qaeda, Islamic State, Iraq, Syria, Boston
The phenomenon of active athletes hosting podcasts largely started in the N.B.A., where players can command more attention because there are smaller rosters and more frequent games. Early entries included JJ Redick’s “The Vertical” in 2016 and Richard Jefferson and Channing Frye’s “Road Trippin’” in 2017. Podcasting is particularly attractive to players who are still generating N.F.L. Hill said he started his podcast, “It Needed to Be Said,” partly to prepare for a potential broadcasting career. Brands such as Bleacher Report, which works with Parsons and Miller, have increasingly signed up athletes.
Persons: JJ Redick’s, Richard Jefferson, Channing Frye’s, Taylor Lewan, , , Will Compton, Hill, Said, Pat McAfee, Miller, Josh Pyatt, LeBron James, Peyton Manning, ” Miller, Damar Hamlin Organizations: Tennessee Titans, Boys, Indianapolis Colts, ESPN, Brands, Parsons, WME Sports
The Senate Judiciary Committee on Thursday abruptly put off its push to subpoena two conservative allies of Justices Samuel A. Alito Jr. and Clarence Thomas as part of a Supreme Court ethics inquiry that has met stiff resistance from Republicans. Facing G.O.P. threats to engage in a bitter, drawn-out fight, Senator Richard J. Durbin, Democrat of Illinois and the panel’s chairman, halted his planned effort to compel cooperation from Leonard Leo, a longtime leader of the Federalist Society, and the billionaire Republican donor Harlan Crow. Mr. Durbin said that Democrats remained united in their desire to force more information from the men about undisclosed luxury travel and other benefits provided to the justices, but that they needed more time to assess a barrage of politically charged amendments that Republicans were planning to offer in an effort to embarrass them and derail the inquiry. Republicans said they planned to draw immigration issues into the fight and require votes to subpoena the staff of Justice Sonia Sotomayor about promoting her personal book sales, along with other hot-button issues.
Persons: Samuel A, Alito Jr, Clarence Thomas, Richard J, Durbin, Leonard Leo, Harlan Crow, Sonia Sotomayor Organizations: Republicans, Federalist Society Locations: Illinois
But few have embraced progressive Democrats’ demands for a complete and lasting cease-fire, even as pro-Palestinian protesters took to the streets over the weekend to demand a total cessation of hostilities. Most Democrats, including some of Congress’s most influential liberal leaders, have argued that a full cease-fire would give Hamas time to regroup and launch another assault on Israel. President, the American people are not with you on this one,” Ms. Tlaib said. Representative Elissa Slotkin, also a Michigan Democrat, insisted in a series of posts on the social media platform X that Ms. Tlaib apologize. Representative Debbie Wasserman Schultz, Democrat of Florida, also criticized Ms. Tlaib’s use of the slogan, as well as her calls for a cease-fire.
Persons: Biden, “ You’ve, You’ve, Israel’s, Bernie Sanders, , , Richard J, Durbin, Mr, Rashida Tlaib, Ms, Tlaib, Elissa Slotkin, Slotkin, Debbie Wasserman Schultz Organizations: Israel, Hamas, CNN’s, White, Senate, Illinois, Democratic, United Nations, American, Defamation League, Michigan Democrat, Democrat Locations: Gaza, Israel, Vermont, CNN’s “ State, United States, Michigan, Jordan, Florida
Israel-Hamas War Live Updates
  + stars: | 2023-11-04 | by ( James C. Mckinley Jr. | Adam Entous | ) www.nytimes.com   time to read: +4 min
Representative Rashida Tlaib, a Democrat of Michigan and the only Palestinian American member of Congress, at a demonstration outside the Capitol in Washington last month. Representative Rashida Tlaib, Democrat of Michigan and an outspoken voice for a cease-fire in the Israel-Hamas war, released a video on Friday that accused President Biden of supporting the genocide of Palestinians. President, the American people are not with you on this one,” Ms. Tlaib says in the video. But accusing Mr. Biden of supporting genocide marks an extraordinary broadside against the president by a lawmaker from his own party. “As the Israeli government carries out ethnic cleansing in Gaza, President Biden is cheering on Netanyahu, whose own citizens are protesting his refusal to support a cease-fire,” Ms. Tlaib said on Thursday.
Persons: Rashida Tlaib, Biden, “ Mr, Ms, Tlaib, , “ Joe Biden, ” Ms, Biden’s, Mr, Israel —, Israel pummels, Benjamin Netanyahu, , Netanyahu, Marjorie Taylor Greene, Israel, Richard J, Durbin, Pope Francis Organizations: Capitol, American, Democratic, Democratic Party, Hamas, Israel, Republicans, Democrats, Republican, Illinois Locations: Michigan, Washington, Israel, United States, Gaza, Georgia,
Representative Rashida Tlaib, Democrat of Michigan and an outspoken voice for a cease-fire in the Israel-Hamas war, released a video on Friday that accused President Biden of supporting the genocide of Palestinians. President, the American people are not with you on this one,” Ms. Tlaib says in the video. “We will remember in 2024.”After she speaks, the screen goes dark and a message appears in white lettering stating: “Joe Biden supported the genocide of the Palestinian people. But accusing Mr. Biden of supporting genocide marks an extraordinary broadside against the president by a lawmaker from his own party. “As the Israeli government carries out ethnic cleansing in Gaza, President Biden is cheering on Netanyahu, whose own citizens are protesting his refusal to support a cease-fire,” Ms. Tlaib said on Thursday.
Persons: Rashida Tlaib, Biden, “ Mr, Ms, Tlaib, , “ Joe Biden, ” Ms, Biden’s, Mr, Israel —, Israel pummels, Benjamin Netanyahu, , Netanyahu, Marjorie Taylor Greene, Israel, Richard J, Durbin, Pope Francis Organizations: American, Democratic, Democratic Party, Hamas, Israel, Republicans, Democrats, Republican, Illinois Locations: Michigan, Israel, United States, Gaza, Georgia,
Why working longer is a bad retirement plan
  + stars: | 2023-10-31 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +3 min
Daniel Gonzalez | Moment | Getty ImagesWorking longer is among the best ways to ensure you don't outlive your retirement savings. When it comes to retirement age, there's a big gap in expectations versus reality. But the actual retirement age was 62, on average. watch nowThose who target a retirement age past 61 end up making it about half as far as expected, he found. Social Security's full retirement age has gradually been pushed back, to as late as age 67 for anyone born in 1960 or after.
Persons: Daniel Gonzalez, Gallup, Blanchett, Richard Johnson, , EBRI, Johnson Organizations: Gallup, Urban Institute . Pensions, Urban Institute
Breast cancer signs you need to look out for
  + stars: | 2023-10-16 | by ( Madeline Holcombe | ) edition.cnn.com   time to read: +4 min
CNN —Do you know what to look for to detect breast cancer early? “Many breast changes are the result of aging and childbirth; however, breast cancer can present in a number of ways. “The only breast cancers that are cured … are breast cancers that are detected early,” he said. When it comes to breast cancer, men also need that empowerment, Pariser said. “Although the disease is less common in men, 1% of breast cancers occur in men,” she said.
Persons: Arthur G, Richard J, James, Ashley Pariser, – James, Pariser, , , ” Pariser, Otis Brawley, Brawley, don’t, Organizations: CNN, The Ohio State University Comprehensive Cancer, James Cancer Hospital, Solove Research, American Cancer Society, Bloomberg, Johns Hopkins University, Empowerment Locations: United States
A municipal judge on Wednesday found Carlee Russell, 26, guilty of misdemeanor charges of false reporting to law enforcement and falsely reporting an incident. Flanked by her family and attorneys, Russell made her first court appearance Wednesday amid a heavy media presence, news outlets reported. Defense attorney Richard Jaffe said in a telephone interview they do not think jail time is appropriate. Russell’s attorneys said they don't think she should serve jail time for a misdemeanor offense. "We don’t think jail time for a first-offender with a class A misdemeanor is reasonable because that just doesn’t happen,” Jaffe said.
Persons: HOOVER, Carlee Russell, , Russell, Richard Jaffe, “ We’ve, ” Jaffe, Jaffe, , Carlee, ” Emory Anthony, Nick Derzis, Sherri Papini Organizations: News, Police, Hoover Police Locations: Ala, An Alabama, California
In order not to run out of money in retirement, she'd need to save $375 a month in her workplace 401(k) plan — if the Social Security program remains fully in place. "The old-age poverty rate would soar if Social Security benefits were cut," said Richard Johnson, a senior fellow at the Urban Institute. The future of Social Securitywatch nowThe Social Security program has been weakened by a rise in people retiring and the fact that people are living longer. As a result, without any action from lawmakers, the trust fund that supports Social Security benefits for retirees is estimated to run dry in 2033. Workers would continue to pay Social Security payroll taxes, and those collected funds would still be payable to retirees.
Persons: Araya Doheny, Douglas Boneparth, Boneparth, Clifford, Cornell, Biden, Richard Johnson Organizations: Michell, Steel, Getty, Social, Security, CNBC, Workers, Clifford Cornell, Social Security, Finance, IRS, Center, Budget, Urban Institute, Social Security Administration Locations: Cypress , California, New York
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