The Social Security Administration announced a 2.5% cost-of-living adjustment for 2025, marking the smallest increase since 2021. Close to 68 million beneficiaries will see their checks increase by an average of $48 per month on January 1, 2025. While some advocate for using a different inflation calculation method, the increase may not be enough for many older Americans who rely on Social Security as their primary source of income.
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Trump and Paramount Seek Mediator for CBS News Lawsuit
Lawyers for Paramount and President Trump have agreed to appoint a mediator in his $20 billion lawsuit against CBS over the editing of a “60 Minutes” interview with Vice President Kamala Harris. The move suggests a potential resolution out of court, though uncertainty remains. Paramount's merger with Skydance is complicated by the lawsuit, with settlement talks sparking discord among employees at CBS News. Full Article
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