Tax cut drains Social Security funds amid weak economy
A new Congressional Budget Office estimate warns the government will deplete about 9 billion of Social Security reserves to cover next year’s costs. The report ties the shortfall to the 1.35 trillion tax cut and slow economy, signaling a hard fall for Congress as it struggles to pass spending bills and funding for priorities. Democrats urge a revised budget reflecting lower surpluses while Republicans defend the tax relief as needed, noting ongoing refunds and essential programs.
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Bush
Congressional Budget Office
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Aaliyah and Crew Die in Bahamas Plane Crash
Searchers probe cause of charter plane crash that killed singer Aaliyah and eight others near Marsh Harbour Abaco Island Bahamas. Officials weigh if excess production equipment contributed to the takeoff weight as investigators begin.
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Marsh Harbour
Bahamas
Aaliyah
Abaco Island
Opa-locka
SAT scores inch up slightly in verbal as math holds steady
The College Board said this year’s 1.3 million SAT takers averaged 506 on the verbal section, up one point from last year, and 514 on the math section, unchanged from the prior year. The long term trend shows gradual increases, with historical gaps among genders and whites versus minorities remaining largely similar.
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GOP gubernatorial candidates hold first debate in Spartanburg
In Spartanburg seven candidates including Lt. Gov. Bob Peeler and former US Rep. Mark Sanford gathered for the first GOP gubernatorial debate ahead of the Hodges contest. Speakers touted tax cuts and leadership while aiming to deny Hodges a second term, with analysts noting Hodges’ vulnerable standing.
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Jim Hodges
Bob Peeler
Rebekah Southerland
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Senator heats over board ads in congressional bid
State Sen. Joe Wilson faces critique for billboards announcing his run for the seat left by the death of Rep. Floyd Spence. Dick Harpootlian called the timing improper and rude. Filing opens Aug. 31 with a primary Oct. 30 and election Dec. 18, leaving candidates little time to organize.
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Joe Wilson
Midlands
Floyd Spence
Democratic Party
Dick Harpootlian
Spence
Mississippi
Harpootlian
Furman University
Danielle Vinson
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