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Small Business Funding

What to know about the congressional push to expand some Social Security benefits [Video]

The House has passed legislation that would provide full Social Security benefits to millions of people, pushing it one step closer to becoming law.The Social Security bill on Tuesday won bipartisan support in the House, 327-75, in what is now the lame-duck period for Congress. The bill now heads to the Senate, where passage is not assured despite considerable support.Here’s what to know about the legislation and what could happen next.What does the bill do?Decades in the making, the bill would repeal two federal policies — the Windfall Elimination Provision and the Government Pension Offset — that currently limit Social Security payouts for roughly 2.8 million people, according to reports from the Congressional Research Service.The policies broadly reduce payments to two groups of Social Security recipients: people who also receive a pension from a job that is not covered by Social Security and surviving spouses of Social Security recipients who …

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Small Business Funding

Commerce Department to reduce Intels funding on semiconductors [Video]

LOS ANGELES (AP) The Biden administration plans on reducing part of Intels $8.5 billion in federal funding for computer chip plants around the country, according to three people familiar with the grant who spoke on the condition of anonymity to discuss private conversations. The reduction is largely a byproduct of the $3 billion that