
CAPITOL ROUNDUP: DCED highlights proposed investment in state's innovation economy
Building on that commitment, Gov. Josh Shapiro's 2025-2026 proposed budget creates a new, $50 million PA Innovation program, which includes a one-time $30 million initiative to spur life sciences job growth and $20 million to provide annual funding to support large-scale innovation.
"From our world-class research institutions to our skilled workforce, Pennsylvania has the resources to be an innovation leader," said Secretary Siger.
Gov. Shapiro and his Administration have been committed to making Pennsylvania a leader in economic development, job creation, and innovation. The 2024-25 enacted budget made significant investments aligned with the overall 10-year Economic Development Strategy.
Life sciences is one of the five key industries of the economic development strategy, and a major focus of the Shapiro Administration.
The Shapiro Administration also recently helped break ground on GSK's expansion in Marietta. The global biopharma company is investing $800 million into the project, which will create more than 200, new high paying jobs and retain 4,622 employees. The Commonwealth invested $21 million towards the expansion.
Gov. Shapiro's 2025-26 budget proposal calls for more than $160 million in total new and expanded investments to implement the Economic Development Strategy and increase our competitiveness, strengthen communities, and address critical housing needs.
Fostering innovation is a key component of Gov. Shapiro's 2025-26 budget proposal, which includes:
—$50 million for the new PA Innovation program, including a one-time $30 million initiative to spur life sciences job growth and $20 million to provide annual funding to support large-scale innovation.
—$10 million for AdvancePA tax credits to create high-quality jobs across Pennsylvania.
—$12.5 million dedicated to WEDnetPA to expand our workforce and close critical workforce gaps.
—$2 million for the creation of Career Connect to build internships at Pennsylvania companies.
Rep. Meuser co-sponsors bill to block Social Security payments to illegal immigrants
U.S. Rep. Dan Meuser, R-Dallas, recently co-sponsored H.R. 1172 — the No Social Security for Illegal Aliens Act of 2025 — legislation that will ensure individuals in the United States illegally cannot collect benefits from Social Security programs.
Rep. Meuser said the legislation amends the Social Security Act to ensure that wages earned through unauthorized employment by illegal immigrants do not count toward eligibility for Social Security benefits. This means individuals who worked in the U.S. without legal status would be barred from collecting benefits based on those earnings. The policy would apply to income earned before, during, or after the bill becomes law.
Rep. Meuser said the legislation is in line with President Trump's executive order directing federal agencies to prevent illegal immigrants from accessing Social Security programs and to strengthen fraud enforcement. He said recent audits by the Social Security Administration's Inspector General identified major gaps in death records and benefit tracking systems, creating a heightened risk of improper payments — in fact, the Social Security Administration's Inspector General identified $72 billion in improper payments made over the past decade.
Further, Rep. Meuser said the White House reports that more than 2 million illegal immigrants were assigned Social Security Numbers in fiscal year 2024 alone.
Rep. Meuser has also introduced the Payment Information Integrity Reform Act — legislation aimed at reducing the more than $230 billion in improper federal payments reported last year.
That bill would strengthen oversight, require stricter financial controls at federal agencies, and impose penalties for repeated noncompliance — helping prevent taxpayer dollars from being sent to ineligible recipients, including illegal immigrants, Meuser said.
"Hardworking Americans pay into Social Security expecting those benefits to be there when they retire — not to be paid out to people here illegally," said Rep. Meuser. "This legislation builds on President Trump's leadership and takes a necessary step to stop abuse, restore integrity to the system, and protect the future of Social Security for Americans who have earned it and rely on it."
The No Social Security for Illegal Aliens Act has been referred to the House Ways and Means Committee.
PUC invites public comments following hearing on grid impacts of high-demand energy growth
The Pennsylvania Public Utility Commission (PUC) this week announced the opening of a formal public comment period following the Commission's April 24 en banc hearing examining the impact of hyper-scale data centers and other large-load energy users on Pennsylvania's electric grid.
"This issue represents both a challenge and an opportunity for our state," said PUC Chairman Stephen M. DeFrank. "We are entering a time of extraordinary electricity demand growth, driven by AI, cloud computing, and other evolving technologies. As we move forward, the Commission is committed to thoughtful, transparent policy-making — and we look forward to reviewing the post-hearing comments and input from the public as we continue this important process."
The hearing featured three expert panels representing electric distribution companies, major energy users, and public and consumer advocates, focusing on the need for clear and fair rules to ensure grid reliability, manage infrastructure needs, and safeguard ratepayers.
Public comment period and instructions
The PUC is now accepting public comments on the issues raised during the hearing through Tuesday, May 27, 2025. A 15-day reply comment period will follow, with reply comments due by Wednesday, June 11, 2025.
Reach Bill O'Boyle at 570-991-6118 or on Twitter @TLBillOBoyle.
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USA Today
32 minutes ago
- USA Today
Social Security 2026 COLA estimated at 2.7%, but much of it will go to Medicare Part B
Social Security recipients could get a 2.7% raise next year, up from last month's estimate of 2.5%, based on the latest inflation report, according to a new estimate. The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), the index used to calculate the annual adjustment to Social Security benefits, gained 2.6% in June. Overall inflation rose 2.7% from May's 2.4% increase. The Federal Reserve's inflation goal is 2%. A cost-of-living adjustment, or COLA, is meant to help Americans keep up with inflation so they can maintain their standard of living year to year. But the hikes are falling short, especially when Medicare premiums, alone, are rising at a faster clip, seniors say. That happened in 2025 and is set to do so again next year. 'It's not uncommon for Part B premiums to consume much or even all of the annual COLA, leaving little extra to cover other big cost increases,' says Mary Johnson, an independent Social Security and Medicare policy analyst. How fast are Medicare premiums rising? Medicare Part B costs are rising several times faster than its average rate of increase in recent years. According to the 2025 Medicare Trustees annual report released in June, the Medicare Part B premium for 2026, is expected to increase to $206.50 from $185.00 in 2025 for a jump of $21.50 per month, or 11.6%. That's the largest Part B increase since 2022 when it rose 14.5%. The Social Security Administration automatically deducts the Part B premium cost from Social Security benefits for most Medicare recipients. A bigger Medicare bite means monthly checks will shrink. 'Medicare recipients are quick to point out that Part B premiums can frequently take much or even all of the annual COLA, leaving little extra to cover other big cost increases, such as housing or groceries,' Johnson said. Who hurts the most? If COLA rises by 2.7%, which is in line with the average 2.6% increase over the past 21 years, and Medicare Part B increases by 11.6%, those with the lowest Social Security benefits would hurt the most. "If the COLA in 2026 is 2.7%, a Part B premium jump of $21.50 would take the entire COLA of beneficiaries who receive around $800 or less," Johnson said. "This is especially the case for all individuals who receive a low Social Security retirement, spousal, or widow or widower's benefit." How is COLA calculated? The Social Security Administration bases its COLA each year on average annual increases in the consumer price index for urban wage earners and clerical workers (CPI-W) from July through September. That means July inflation numbers will be especially important to pay attention to. The index for urban wage earners largely reflects the broad index the Labor Department releases each month, although it sometimes differs slightly. Last month, the overall consumer price index rose 2.7% and the index for urban wage earners increased 2.6%. How many people receive Social Security benefits? In May, 74.269 million people received Social Security, according to the Social Security Administration. These beneficiaries include retired workers, disabled workers, survivors of deceased workers, and those receiving Supplemental Security Income (SSI). The average monthly benefit was $1,860.64 in May. Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@ and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday.

Miami Herald
2 hours ago
- Miami Herald
Raja Krishnamoorthi first up on TV in the Illinois US Senate race to succeed Dick Durbin
CHICAGO - U.S. Rep. Raja Krishnamoorthi is the first contender to launch TV ads in the race to succeed U.S. Sen. Dick Durbin, with the five-term congressman billing himself as an "underdog" who has a history of fighting bullies and singling out President Donald Trump as the biggest. "Growing up with a name and a background like mine, I always felt like an underdog and I still do," the Democrat from Schaumburg who moved from New Delhi, India, when he was 3 months old and was raised in Peoria, says in the ad. "As your senator, I'll take on the biggest bully of them all. Because underdogs? We just fight harder," he says. "I'm Raja Krishnamoorthi, and I approve this message because bullies like Trump can call us names, but you can just call me Raja," he says at the end of the ad, reiterating a campaign slogan Krishnamoorthi has used for years. The campaign said it was putting $500,000 behind the 30-second spot for one week alone in airing it statewide on broadcast and streaming services. It also was the start of a sustained TV presence leading up to the March 17 Democratic primary, his campaign said. Krishnamoorthi is joined in the Democratic U.S. Senate primary by Lt. Gov. Juliana Stratton and U.S. Rep. Robin Kelly of Matteson. While billionaire Gov. JB Pritzker is backing Stratton, Krishnamoorthi has been a prolific fundraiser since entering Congress in 2017, which is reflected by the early ad buy. Since the first of the year, Krishnamoorthi has raised more than $6 million, including more than $3.1 million from April through June. And his campaign said he entered July with more than $21 million in available cash. Federal candidates are scheduled to formally release their fundraising data for the second quarter of the year on Tuesday. Stratton, who announced she would not accept corporate political action committee funding, has said she would report raising more than $1 million in the second quarter. Kelly had $2 million in her federal account at the end of the first quarter of the year. Krishnamoorthi's ad is interspersed with various television news clips of his early Senate campaign, including a statewide tour to criticize Trump's imposition of trade tariffs on imports and Krishnamoorthi vowing to protect Social Security and Medicaid against administration cuts. On Friday, Krishnamoorthi and his rivals for the Senate nomination are scheduled to appear before Cook County Democratic ward and township committee members to seek the county party's endorsement. ____ Copyright (C) 2025, Tribune Content Agency, LLC. Portions copyrighted by the respective providers.


CBS News
3 hours ago
- CBS News
How do I get out of debt while on Social Security?
For retirees relying on Social Security, any amount of debt can feel like a heavy weight that can't be managed over the long term. These retirement benefits are designed to cover basic living expenses, after all, not high-rate credit card bills or lingering personal loan payments. So, it's hardly a surprise that many older Americans who rely on Social Security also find themselves trapped in a cycle of debt they can't get out of. And, with today's high inflation and elevated borrowing costs, even modest debts can spiral into major financial headaches for retirees. The good news is, though, that if you're in a similar situation, you're not powerless. There are ways to get rid of your debt, even if your income is limited to your Social Security benefits. To do so, though, you'll need to understand your rights, explore your options and make strategic decisions that help protect your retirement years. But whether you're dealing with mounting credit card balances, medical bills or personal loans, taking action now rather than waiting can help you avoid unnecessary stress — and potentially save you thousands of dollars in interest charges. How can you tackle debt effectively while living on Social Security, though? Find out more about the debt relief options you can take advantage of now. How do I get out of debt while on Social Security? The first thing to understand is that Social Security income is generally protected from most forms of debt collection. Federal law generally shields these benefits from garnishment, even if a creditor has a judgment against you. This protection doesn't extend to debts like unpaid federal taxes, student loans or child support, but it does apply to most consumer debt like credit cards and medical bills. This means you don't have to panic if you're being contacted by debt collectors, but you do need a plan, as getting out of debt when you're living on a fixed income like Social Security requires a careful, tailored approach. Here's a breakdown of the most effective strategies: Cut unnecessary spending and prioritize debts strategically. Start by writing down all sources of income and all monthly expenses. This helps you identify where your money is going and where you might be able to cut non-essential spending. Finding small savings — $20 here, $50 there — can free up money to go toward your debt. Even if you can't pay off your balances in full, paying more than the minimum (even by $10 to $20) can help slow the pace of interest accumulation. And remember that not all debts are equal. If you're behind on essentials like rent, utilities or property taxes, focus on those first. After that, look at which debts are costing you the most. With the average rate closing in on 22%, credit card debt, in particular, can snowball if left unchecked. Learn more about how to get rid of your debt for less than you owe today. Reach out to your creditors for help. You might be surprised how willing creditors are to work with you, especially if you're proactive. Many card issuers and lenders offer hardship programs that can: Lower your interest rate Temporarily reduce your monthly payment Waive late fees Pause payments during a short-term crisis You'll need to call and explain your situation, but asking about a hardship repayment plan is a good starting point. Consider what credit counseling can offer. A reputable credit counseling agency can be an invaluable partner. These agencies work with you to assess your financial situation, develop a workable budget, and, if needed, create a debt management plan. With a debt management plan, the agency works to negotiate lower interest rates with your creditors and consolidates your payments into one monthly bill. You'll pay the counseling agency, and they'll distribute the money to your creditors. Over time, this can save you thousands in interest and help you get out of debt faster. Explore debt settlement carefully. If your debts are large and you can't realistically pay them off, even with reduced interest rates, you might consider debt settlement. This involves negotiating with creditors to settle your debt for less than you owe, generally by making a lump sum payment. This generally results in lowering your original balance by between 30% and 50% on average, but debt settlement also comes with risks, including the following: Creditors aren't obligated to accept settlements. You may be taxed on the forgiven amount. Your credit will take a hit, at least temporarily. Many debt settlement firms charge hefty fees. If you go this route, be sure to choose a reputable debt relief company to work with and read the fine print before signing any agreement. The bottom line Debt may feel like it's stealing your golden years, but with the right approach, you can start reclaiming your financial freedom, even if your retirement income is limited to your Social Security benefits. By understanding your protections, exploring your debt relief options and making careful choices, you can work toward financial peace of mind, even on a fixed retirement budget. If you're feeling overwhelmed, it may help to reach out to a credit counseling agency or debt relief expert for guidance.