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Social Security benefits can begin as early as age 62, but claiming before your Full Retirement Age of 67 results in a permanent 25-30% reduction in your monthly payment. Understanding how benefits are calculated, when to apply, and how your decision affects lifetime income is crucial for retirement planning.
A 2025 Congressional Research Service report found that approximately 19% of Americans 65 and older rely on Social Security for 90% or more of their income, though Census Bureau research using IRS records found a lower figure of 14%. While Social Security provides 30% of total income for all Americans 65 and older, its importance grows with age, accounting for 40% of income among those 80 and older.
At least seven people have died as record-setting floods devastated Indiana following three days of torrential rainfall beginning August 11. The White River crested at historic levels, some areas received over 11 inches of rain, and hundreds of thousands lost power as emergency responders rescued nearly 100 people from floodwaters.
Attorney General Todd Blanche has stated that President Trump’s views can and should factor into Department of Justice prosecution decisions, explicitly rejecting the notion that the DOJ should always act independently from the White House. When asked on NBC’s ‘Meet the Press’ whether he would pledge DOJ independence, Blanche refused, saying ‘No, I’m not going to pledge that,’ and confirmed that Trump should have input on individual cases.
President Trump has ordered substantial reductions to joint military exercises with South Korea, directing Defense Secretary Pete Hegseth to scale back the planned Ulchi Freedom Shield drills. The decision comes despite military planners’ intentions to incorporate lessons from North Korean troops’ battlefield experience in Ukraine, including new drone tactics and cyber defense protocols, into the training operations.
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EU Commissioner Maria Luís Albuquerque outlines how a Savings and Investments Union and deeper market integration can unlock €1.2 trillion in annual investment for Europe.
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