Court Says Enbridge Pipeline Trespasses on Native Land
Why does a federal appeals court say Enbridge needs a "reasonable opportunity" to build a $1-billion pipeline in northwest Wisconsin?
Bullish
65.0
What's Happening
The Social Security Administration is projecting a cost-of-living adjustment (COLA) as high as 3.6% for 2027, marking a significant increase for the program's 67 million beneficiaries. This follows elevated inflation readings that persist despite Federal Reserve rate hikes.
Market Impact
Higher COLA payouts increase federal spending obligations and pressure the Social Security trust fund's depletion timeline. Consumer spending may tick up modestly as retirees receive larger checks, but the fiscal burden on the government widens.
Broader Implications
This underscores persistent inflation above the Fed's 2% target and complicates long-term fiscal planning as the U.S. grapples with entitlement solvency and budget deficits.
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