Social Security's insolvency date is projected for end of 2032
Medicare's hospital insurance trust fund will be unable to pay full benefits in 2033, which could lead to higher health care costs for Americans over 65.
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Medicare's hospital insurance trust fund will be unable to pay full benefits in 2033, which could lead to higher health care costs for Americans over 65.
Beneficiaries would continue receiving payments if Social Security's trust fund is depleted, but checks could shrink by about 24%, according to a new report.
A larger COLA would boost monthly checks for retirees, but also strain Social Security's already depleted trust funds.
The Social Security Administration wouldn't stop issuing benefits once its trust funds are exhausted, but it could be forced to cut benefits.
Social Security's full retirement age is changing next year, affecting when the youngest baby boomers and Gen Xers can collect 100% of their benefits.
Social Security's annual cost-of-living adjustment is aimed at helping the program's 75 million beneficiaries keep pace with inflation.
The Social Security Administration on Friday announced a 2.8% cost-of-living adjustment, or COLA increase, for 2026.
There's a 2.8% increase coming for Social Security recipients.
Citing the shutdown, the Social Security Administration postponed its announcement of the annual payment bump beneficiaries will receive in 2026.
Dual-income couples could see $18,000 less per year if they retire in 2033 compared to retiring now, according to a new report from the committee for a responsible federal budget.
Dual-income couples could see $18,000 less per year if they retire in 2033, compared to retiring now.
A survivor of a shooting in Chicago says she is now on the verge of homelessness as she's been denied financial assistance from city and federal programs.
The U.S. Senate is set to debate the Republican budget bill that includes massive cuts to Medicaid and tax breaks for the rich later this week. It is unclear if the Iran bombings will change those plans.
Social Security is dipping into its trust fund to pay current retirees, with spending outpacing its revenue from payroll taxes.
The Trump administration last month started garnishing paychecks and Social Security benefits to collect defaulted loans.
The new head of the Social Security Administration said he plans to use technology to keep the agency working as he defended job cuts and field office closures.
Seniors are unlikely to get a break on paying taxes on their Social Security benefits, an issue that impacts more people each year.
More than 72 million Americans get Social Security benefits and will be impacted by upcoming changes, including paying back overpayments. And Trump's new budget does not include tax cuts for Social Security recipients.
While the Trump administration so far has not cut Social Security payments, the program has been a frequent target of criticism by Elon Musk and the Department of Government Efficiency, and the House Republicans are eyeing Medicaid cuts to balance their budget.
Allianz survey finds that nearly two-thirds of Americans are more worried about running out of money in retirement than they are about dying.
Illinois Governor JB Pritzker, Lt. Gov. Juliana Stratton and U.S. Rep. Lauren Underwood are in Romeoville Thursday to discuss attacks by the Trump Administration on Social Security.
Illinois Governor JB Pritzker is in Romeoville Thursday to discuss attacks by the Trump Administration on Social Security.
The Social Security Administration said it will restart a policy that had caused financial distress for some beneficiaries.
The Social Security Fairness Act is expected to be signed Monday, according to advocates for police and firefighters.
Donald Trump's plans could undermine Social Security's financial stability and lead to a large benefits cut, nonpartisan think tank says.
"My Block, My Hood, My City" is stepping up to help deliver supplies to seniors struggling amid the Chicago heat wave.
An expected record-breaking 4th of July travel period is underway at Chicago's airports on Wednesday.
Victor Willis, lead singer of the disco group Village People, whose hit "Y.M.C.A." became a fixture at rallies for President Trump, has died at the age of 74, his wife and the band said.
A deadly shooting was reported overnight in Chicago's River North neighborhood.
Alex Bregman, Michael Busch and Pete Crow-Armstrong added homers to help the Cubs win for the 10th time in 12 games.
President Trump earned more than a billion dollars from crypto-related ventures alone last year, according to a financial disclosure, including from his meme coin business and his family's cryptocurrency firm.
The mother of a Loyola University freshman who was shot and killed in March delivered tearful testimony on Capitol Hill on Tuesday.
After the Supreme Court announced it would take up a challenge to Cook County's assault weapons ban, State's Attorney Eileen O'Neill Burke said she is ready to defend the law before the high court.
The Supreme Court agreed to take up challenges to so-called assault-weapons bans in Cook County, Illinois, and Connecticut.
The Supreme Court on Tuesday struck down President Trump's executive order seeking to end birthright citizenship.
Illinois Gov. JB Pritzker on Thursday signed several new consumer protections into law, including a ban on junk fees.
CBS News Chicago has learned that Illinois home insurance premiums are not only higher than the nation's average, but going up faster too.
As an alternative to legalizing video gambling terminals citywide, Bally's offered to open slot machine lounges at O'Hare and Midway, saying the move would replace the $6.8 million the city budgeted from VGTs.
An Illinois law banning "swipe fees" on taxes and tips — already delayed twice by lawmakers — appears to be on life support after a federal judge that once permitted it issued a permanent injunction against it this week.
A new study from the Cook County Treasurer's office underlines growing concerns about the impact the Illinois megaprojects bill could have on the county's property tax base and overall fiscal health.
In a major turnaround in the opioid crisis, overdose deaths are falling across Chicago and Cook County.
The north Chicago suburb of Glenview became the latest Illinois municipality this week to confirm mosquitoes testing positive for the West Nile virus this year.
Environmental and community groups are suing the U.S. Environmental Protection Agency for failing to act on a petition challenging U.S. Steel Gary Works operating permit renewal.
In the four years since Roe v. Wade was overturned and Illinois became a destination for abortion care, Illinois providers and advocates have rebuilt the state's infrastructure to support the tens of thousands of people who travel to the state for abortion services every year.
June is National Aphasia Awareness Month, raising awareness of a disorder that affects a person's ability to speak, write, and understand both spoken and written language.
The Chicago Bears this weekend said they are assessing land at Wolf Lake Terminals in Hammond, Indiana, for a possible new stadium.
As an alternative to legalizing video gambling terminals citywide, Bally's offered to open slot machine lounges at O'Hare and Midway, saying the move would replace the $6.8 million the city budgeted from VGTs.
Daley's Restaurant, known as Chicago's oldest, has served Chicago's Woodlawn neighborhood for more than 130 years.
Walgreens is set to close in Chicago's Chatham neighborhood on Thursday, and there's growing concern about where families will get their medications.
The owners of Gene & Georgetti steakhouse are suing a concessions operator over their expansion at Midway International Airport.
Victor Willis, lead singer of the disco group Village People, whose hit "Y.M.C.A." became a fixture at rallies for President Trump, has died at the age of 74, his wife and the band said.
Chicago rapper Twista has pleaded guilty to willfully failing to pay income taxes.
Lionel Richie's Chicago concert at the United Center has been postponed after the singer became sick at his tour opener in St. Paul, Minnesota.
Legendary musician Lionel Richie had to cut his performance short Wednesday night in St. Paul, Minnesota, leaving fans with many questions.
Clive Davis helped shape the careers of music stars including Janis Joplin, Bruce Springsteen and Whitney Houston.
A deadly shooting took place in Chicago's River North neighborhood just steps from a hotel early Wednesday morning.
CBS News business analyst Jill Schlesinger joins CBS News Chicago.
Victor Willis, lead singer of the disco group Village People whose hit "Y.M.C.A." became a fixture at rallies for President Trump, has died.
"My Block, My Hood, My City" is stepping up to help deliver supplies to seniors struggling amid the Chicago heat wave.
A possible record-breaking 4th of July travel period is underway at Chicago's airports on Wednesday.
A deadly shooting was reported overnight in Chicago's River North neighborhood.
An expected record-breaking 4th of July travel period is underway at Chicago's airports on Wednesday.
Fourteen new laws will go into effect in Illinois on July 1, 2026.
"My Block, My Hood, My City" is stepping up to help deliver supplies to seniors struggling amid the Chicago heat wave.
Victor Willis, lead singer of the disco group Village People, whose hit "Y.M.C.A." became a fixture at rallies for President Trump, has died at the age of 74, his wife and the band said.
In a major turnaround in the opioid crisis, overdose deaths are falling across Chicago and Cook County.
An Uber driver who was assaulted during a ride said he begged Chicago police officers not once but twice for help, but was left to fend for himself.
CBS News Chicago has learned that Illinois home insurance premiums are not only higher than the nation's average, but going up faster too.
The Cook County Sheriff's Office has been a part of Illinois' enhanced CTA security plan and state-led task force dedicated to making it safe since the end of March. Their officers have worked more than 4,000 hours a month.
A rideshare driver was shot in Chicago's North Lawndale neighborhood on Monday night.
Alex Bregman, Michael Busch and Pete Crow-Armstrong added homers to help the Cubs win for the 10th time in 12 games.
Colson Montgomery and Junior Perez homered during Chicago's seven-run third inning and the White Sox pounded the Baltimore Orioles 9-3 on Tuesday night.
A 9-year-old boy from Arizona won a nice chunk of change recently, thanks in part to the signature of Chicago White Sox infielder and slugger Munetaka Murakami.
It was Suzuki's second career game-ending hit and Chicago's major league-leading 10th walk-off win this season.
Colson Montgomery hit a go-ahead double in the eighth inning, Jacob Gonzalez drove in three runs and the Chicago White Sox beat the Baltimore Orioles 8-2 on Monday night in the opener of their series.
During the incident, a reporter and photographer were approached by three men, one with a dog, before their news truck and gear were destroyed.
A man was charged with videotaping a boy in a men's restroom at Woodfield Mall in Chicago's northwest suburbs last week.
Police in Burr Ridge, Illinois, issued a warning Tuesday about burglars using distractions to break into homes.
A man was sentenced to eight years in prison earlier this month for robbing a mail carrier on Chicago's Near West Side back in 2022.
A new trial was denied Monday for Marni Yang, who is serving life in prison for a 2007 shooting that left a romantic rival dead.
