Shai Akabas
@shaiakabas.bsky.social
Reposted by Shai Akabas
This week, the House may consider a bill to rename Social Security's retirement claim ages, which could help retirees make more informed choices.
Social Security's benefit formula is confusing, and any move toward transparency is a step in the right direction.
smucker.house.gov/media/press-...
Social Security's benefit formula is confusing, and any move toward transparency is a step in the right direction.
smucker.house.gov/media/press-...
Smucker’s Legislation Advances with Strong Bipartisan Support in Ways and Means Committee
WASHINGTON—Legislation introduced by Rep. Lloyd Smucker (PA-11) has received approval in the House Ways and Means Committee and now heads to the House of Representatives for consideration.
smucker.house.gov
December 1, 2025 at 8:45 PM
This week, the House may consider a bill to rename Social Security's retirement claim ages, which could help retirees make more informed choices.
Social Security's benefit formula is confusing, and any move toward transparency is a step in the right direction.
smucker.house.gov/media/press-...
Social Security's benefit formula is confusing, and any move toward transparency is a step in the right direction.
smucker.house.gov/media/press-...
Debt crises tend to happen gradually and then very quickly. It's impossible to know where on that timeline we might be, but I'd say 2010-2025 is certainly long enough for the first part.
May 19, 2025 at 3:36 PM
Debt crises tend to happen gradually and then very quickly. It's impossible to know where on that timeline we might be, but I'd say 2010-2025 is certainly long enough for the first part.
🚨New Treasury letter to Hill calls on Congress to act by mid-July, saying there is a "reasonable probability" of exhausting extraordinary measures in August. @BPC_Bipartisan projection coming next week home.treasury.gov/system/files...
https://home.treasury.gov/system/files/1…
May 9, 2025 at 8:47 PM
🚨New Treasury letter to Hill calls on Congress to act by mid-July, saying there is a "reasonable probability" of exhausting extraordinary measures in August. @BPC_Bipartisan projection coming next week home.treasury.gov/system/files...
Market odds that US is going to default on its debt are the highest they've been in 2 yrs (last debt limit episode) & higher than many other developed countries. Warning signs are flashing red and a possible upcoming debt limit battle is unlikely to help www.wsj.com/livecoverage...
Bets on Treasury Defaults Are Performing Nicely: Heard on the Street
The “Sell America” trade is hot. So is the “Short Uncle Sam” trade.
Betting against U.S. Treasurys using credit-default swaps has been a big winner this year. The price of insuring five-year U.S. Trea...
www.wsj.com
April 23, 2025 at 11:42 AM
Market odds that US is going to default on its debt are the highest they've been in 2 yrs (last debt limit episode) & higher than many other developed countries. Warning signs are flashing red and a possible upcoming debt limit battle is unlikely to help www.wsj.com/livecoverage...
Reposted by Shai Akabas
Our own @shaiakabas.bsky.social on what he's paying attention to as Congress gets ready to extend government funding, and a conversation about the debt limit is bubbling up. 🧵
#debtlimit #debtceiling
#debtlimit #debtceiling
March 12, 2025 at 1:03 PM
Our own @shaiakabas.bsky.social on what he's paying attention to as Congress gets ready to extend government funding, and a conversation about the debt limit is bubbling up. 🧵
#debtlimit #debtceiling
#debtlimit #debtceiling
Random factoid: Other than resignations/deaths in office, Reagan-George HW Bush will be the only successive presidents of the same party in 100 years
January 21, 2025 at 1:38 AM
Random factoid: Other than resignations/deaths in office, Reagan-George HW Bush will be the only successive presidents of the same party in 100 years
New letter from Secretary Yellen to Congress explains that the debt limit will be reinstated on Jan. 2, but due to technical reasons, Treasury will not reach the limit and begin extraordinary measures until a few weeks later (~Jan 13-24) home.treasury.gov/system/files...
home.treasury.gov
December 27, 2024 at 9:50 PM
New letter from Secretary Yellen to Congress explains that the debt limit will be reinstated on Jan. 2, but due to technical reasons, Treasury will not reach the limit and begin extraordinary measures until a few weeks later (~Jan 13-24) home.treasury.gov/system/files...
It would be a terrible mistake for Congress to repeal Social Security's Windfall Elimination Provision & Government Pension Offset on their way out the door. Bipartisan experts agree on reforming these provisions, not outright repeal www.forbes.com/sites/benrit...
Democrats’ Last Act Shouldn’t Be Expediting Social Security Insolvency
While the Social Security Fairness Act may have some admirable goals, passing it now as written would undermine the future of Social Security — and backfire politically.
www.forbes.com
December 12, 2024 at 4:06 PM
It would be a terrible mistake for Congress to repeal Social Security's Windfall Elimination Provision & Government Pension Offset on their way out the door. Bipartisan experts agree on reforming these provisions, not outright repeal www.forbes.com/sites/benrit...