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Millions of retired Americans know that the phrase "fixed income" isn't completely accurate. Their income isn't fixed forever, at least not their Social Security benefits. That's because Social Security provides an annual cost-of-living adjustment (COLA) that usually increases its benefits.

There are ways to tackle Social Security's insolvency problem, says Martin O'Malley, who served as Social Security commissioner during the Biden administration.  

Fixing Social Security's looming financial crisis may not be easy, but it's doable - as long as the rich pay more in taxes.  

"The insolvency date is an entirely solvable problem," Martin O'Malley, who served as Social Security commissioner under the Biden administration, told MarketWatch.  

Millions of Americans depend on Social Security and Medicare as part of their retirement plan, but new comments Republicans made about the programs have retirees nervous. When House Speaker Mike Johnson referred to the programs as needing to be "adjusted and fixed," he raised concerns about just what Republicans might be planning for the programs, especially in light of the country's $40 trillion-plus debt.

Here's what you should know about both sides of the conversation around these programs.

Connecticut’s five U.S. representatives, all Democrats, voted Tuesday against a bill providing nearly $70 billion for immigration enforcement, which nonetheless passed the House of Representatives and was signed into law by President Donald Trump on Wednesday.

The state’s two Democratic senators had previously voted against the Republican-led measure, which cleared the Senate last week.

The head of the Social Security Administration says the agency’s customer service metrics are showing improvement, following significant staffing cuts.

SSA Commissioner Frank Bisignano told members of the House Ways and Means Committee on Wednesday that the agency is seeing its “best all-around performance ever,” and that it is doing more with fewer employees.