Washington, March 26 (IANS) Social Security, the backbone of retirement security for millions of Americans, is approaching a financial cliff, with lawmakers warning that benefits could be cut sharply within the decade if Congress fails to act.At a Senate Budget Committee hearing, lawmakers from both parties said the programme faces a worsening funding gap driven by demographic shifts, rising costs and insufficient revenue. Projections show the main trust fund could be exhausted as early as 2032,…
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Washington, Feb 4 (IANS) US senators accused UBS of obstructing a congressional probe into Credit Suisse’s Nazi-linked accounts, after investigators said disputed bank records could determine “whether a Nazi had an account or did not have an account.”Senate Judiciary Committee Chairman Chuck Grassley on Tuesday (local time) said lawmakers were examining “new facts and evidence regarding Nazis collaboration with uh, Swiss banks,” describing the inquiry as a bipartisan effort to uncover …