Maryland lawmakers urged their federal counterparts Thursday to raise the country’s debt limit without hashing out a deal to reduce the long-term debt and deficit. Del. Tom Hucker and Sen. Jennie M. Forehand, both Montgomery County Democrats and co-chairs of ...

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WASHINGTON — Americans paid more for food, cars and clothing in May. But overall consumer prices rose by the smallest amount in six months, slowed by the first drop in energy costs in nearly a year. Consumer Price Index rose ...

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WASHINGTON — A government investigator says the Social Security Administration made $6.5 billion in overpayments to people not entitled to receive them in 2009, including $4 billion under a supplemental income program for the very poor The Social Security inspector ...

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WASHINGTON — Shoppers snapped up new cars, clothing and electronics in February, pushing retail sales up for the eighth straight month. Retail sales rose 1 percent last month, the Commerce Department reported Friday. Part of the gain reflected higher prices ...

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WASHINGTON — In the midst of the budget crisis, an old debate has broken out with new force: Should Social Security be seen as part of the deficit that Washington needs to rein in? The White House is balking at ...

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WASHINGTON — A tax cut that began last month gave consumers the biggest jump in their incomes in nearly two years. But Americans boosted their spending only slightly, a sign that many people are being cautious with their money even ...

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Most 401(k) account holders continue to plug away at setting aside a portion of their pay. That consistency, along with a rising stock market helped push balances in plans managed by Fidelity Investment to a 10-year high, the retirement plan ...

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WASHINGTON — The Social Security Administration is warning of possible worker furloughs as House Republicans debate spending cuts that would affect the agency. The agency sent a notice to the union representing Social Security workers saying it wanted to negotiate ...

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One of the biggest lessons of the recent economy is that many people who thought they were financially ready for retirement … weren’t. The amount of money, investments and government support you’ll need to retire comfortably is as individual as ...

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CHICAGO — Through a combination of procrastination and bad timing, many baby boomers are facing a personal finance disaster just as they’re hoping to retire. Starting in January, more than 10,000 baby boomers a day will turn 65, a pattern ...

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