American bombs in Iran also reverberate in China and North Korea
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Newsweek
an hour ago
- Newsweek
Some Social Security Recipients Will See Wage Garnishment in Just Weeks
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. In roughly 20 days, some Social Security recipients could experience wage garnishment as a higher Social Security claw back rate returns. Roughly 2 million Americans owed money to the Social Security Administration due to overpayments in 2023, according to KFF and Cox Media group. Starting July 24, the higher wage garnishments will go into effect until the full overpayment has been resolved. Why It Matters President Donald Trump has implemented a wide range of changes to the Social Security Administration (SSA). In addition to ending the use of paper checks by October, Trump also appointed former Fiserv CEO Frank Bisignano as the new SSA commissioner. The Department of Government Efficiency also instructed the agency to cut 7,000 SSA jobs. For beneficiaries who have been mistakenly overpaid, losing Social Security benefits could have severe consequences on their ability to pay for basic necessities. Roughly 21 percent of married couples and 45 percent of single recipients rely on Social Security for 90 percent or more of their income, according to SSA estimates. A sign is seen outside a US Social Security Administration building, November 5, 2020, in Burbank, California. A sign is seen outside a US Social Security Administration building, November 5, 2020, in Burbank, California. VALERIE MACON/AFP via Getty Images What To Know In some circumstances, the SSA overpays Social Security recipients due to either miscalculations on their part or the recipient failing to update their earnings information. In March, the SSA said it would be bringing back its 100 percent claw back rate for Social Security recipients who were mistakenly overpaid by the government. During Joe Biden's presidency, that rate was set at 10 percent to allow seniors more breathing room to pay for their basic necessities. However, the SSA updated that garnishment rate to 50 percent in April. "When we determine an individual receiving Title II benefits is overpaid, we send them a notice requesting a full and immediate refund and inform them of their right to request reconsideration or a waiver of recovery," the SSA said in April. "We usually provide 90 days for the individual to request a lower rate of withholding, a reconsideration, or waiver." The 90-day period from the SSA's statement on April 25 ends July 24, meaning more than a million recipients could see their payments impacted. However, those who have been overpaid can file for an overpayment waiver. Form SSA-632BK asks for forgiveness for the overpayment if it was not your fault and it would create financial hardship. To get this approved, you'll need proof that repaying the money would create a significant hardship. Beneficiaries can also file Form SSA-561 to appeal the claim you were overpaid. Newsweek reached out to the SSA for comment via email. What People Are Saying Kevin Thompson, the CEO of 9i Capital Group and the host of the 9innings podcast, told Newsweek: "Most recipients don't realize they've been overpaid until they receive a letter from the SSA. Without regularly reviewing your earnings history and benefit statements, overpayments can go unnoticed. Even if the error wasn't your fault, you're still responsible for repayment—unless you appeal, request a waiver, or set up a payment plan within the 90-day period." What Happens Next The loss of income could be dire for many Social Security recipients who rely on the benefits for most if not all of their income. A recent report from Gallup found 86 percent rely on Social Security as a "major" or "minor" income source. "The consequences can be significant, especially for retirees living on a fixed income. With inflation still elevated, a 50 percent reduction in benefits could severely impact housing, food, and healthcare," Thompson said. "For many, Social Security is their only source of income—making these garnishments potentially devastating."
Yahoo
an hour ago
- Yahoo
Trump's Brazen New Lie Leads To Instant Fact-Check On Social Media
President Donald Trump on Friday made a wild new claim about wind power as he renewed his attacks on renewable energy. Trump complained that many of the components used in wind turbines are made in China, then suggested that China itself doesn't actually use wind turbines. 'I have never seen a wind farm in China,' Trump declared. 'Why is that? Somebody check that out.' In reality, China is far and away the world's leading producer of wind energy, with more than triple the current U.S. wind capacity. Trump, however, has long had issues with renewable energy ― especially wind, which he has called 'bullshit' and 'a hoax,' a grudge he has held since a dispute over an offshore wind farm near one of his resorts. Now, Trump might finally get his way as his 'big beautiful bill' will wipe out tax credits for wind and solar power, potentially decimating the industry. The Rhodium Group, a research firm, estimates the bill will put a stop to between 57% and 72% of new solar and wind projects. North America's Building Trades Unions slammed the move as 'the biggest job-killing bill in the history of this country' as those projects are cancelled. 'Critical infrastructure projects essential to that future are being sacrificed at the altar of ideology,' the organization said in a statement. New York Times columnist Thomas L. Friedman said China is 'laughing' at the United States as a result, writing: 'The Chinese simply can't believe their luck: that at the dawn of the electricity-guzzling era of artificial intelligence, the U.S. president and his party have decided to engage in one of the greatest acts of strategic self-harm imaginable. They have passed a giant bill that, among other craziness, deliberately undermines America's ability to generate electricity through renewables — solar, battery and wind power in particular.' Since Trump said 'somebody check that out' when railing against wind power, many people did exactly that ― and gave the president a fact-check: Trump has never seen a wind farm in China because he's an incurious narcissist who ignores all information that contradicts his biases. The Gansu wind farm is the largest onshore wind farm in the world, with 7000 turbines. China is the global leader in installed wind capacity. — James Surowiecki (@JamesSurowiecki) July 4, 2025 China leads the world in permitting & building new coal plants, but they have over 7000 wind turbines & are one of the leaders in solar power. Look, this guy loves coal & hates anything green, I get it. But the incessant lying, that's easily fact checked, is off the charts! — Scott Jones (BS, MAT, CSCS) (@CoachJones007) July 4, 2025 A wind farm, in China. — Andrew Stokols (@astoks) July 4, 2025 There are tons of wind farms in China. Just another pointless easy to debunk lie that the cult will eat up like fast food. — Mike Therien (@miketherien) July 5, 2025 China is the number one country for wind energy... but sure — Auntie Smartassy (@AuntSassyAss) July 4, 2025 — Mark Farina (@djmarkfarina) July 4, 2025 China is a global leader in wind energy. Here's a pic. — Lois Romano (@loisromano) July 5, 2025 Fact Check: China is literally the global leader in wind energy. The largest wind farms located in regions like Inner Mongolia and Xinjiang. — Ford News (@FordJohnathan5) July 4, 2025 World's largest wind farm is in China... — Jo Mannies (@jmannies) July 5, 2025 Wind power generates 10% of electricity in China, about the same percentage as wind power in should be able to know this. — Steven Pifer (@steven_pifer) July 5, 2025 'As of April 2025, 138 wind farms were operating in China. China has the largest number of offshore wind farms, followed by the United Kingdom, Vietnam, and Germany' — Diana Pegoraro (@DianaPegoraro) July 5, 2025 Donald Trump knows a lot about breaking wind. — Machine Pun Kelly 🇺🇦 (@KellyScaletta) July 5, 2025
Yahoo
2 hours ago
- Yahoo
Trump says the US 'pretty much' has a deal on TikTok
ABOARD AIR FORCE ONE (Reuters) -U.S. President Donald Trump said on Friday the United States "pretty much" has a deal on the sale of the TikTok short-video app. Last month, Trump extended to September 17 a deadline for China-based ByteDance to divest the U.S. assets of TikTok. Sign in to access your portfolio
