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Social Security COLA largest in decades as inflation jumps

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Millions of retirees on Social Security will get a 5.9% boost in benefits for 2022. The biggest cost-of-living adjustment in 39 years follows a burst in inflation as the economy struggles to shake off the drag of the coronavirus pandemic. The COLA increase amounts to $92 a month for the average retired worker, according to estimates released Wednesday by the Social Security Administration. The increase affects household budgets for about 1 in 5 Americans, nearly 70 million people, including Social Security recipients, disabled veterans and federal retirees. Policymakers say it’s a safeguard to protect benefits against a loss of purchasing power, and not a pay raise for retirees.

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Couple in submarine spy case to remain held; hearing set

A federal judge says the Maryland couple charged in a plot to sell sensitive U.S. submarine secrets to a foreign government will remain behind bars for now. Jonathan and Diana Toebbe each made brief appearances in federal court in Martinsburg, West Virginia. Magistrate Judge Robert Trumble ordered them to remain detained pending a detention hearing on Friday at which more extensive arguments are expected to be made. The couple answered […]

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