Category Archives: Money

Budget talks address military retired pay cuts

Possible cuts in military retired pay are under discussion in budget talks headed by Vice President Biden.

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Senators endorse lower COLAs for retirees

A bipartisan group of a half-dozen senators Tuesday presented a deficit-reduction proposal that would mean smaller annual cost-of-living adjustments for federal and military retirees.

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Senate committee: Transfer MC-12s to Army

The Air Force’s MC-12 program could soon be transferred to the Army if an amendment to the defense authorization bill becomes law.

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Banks settle for $22M in SCRA foreclosures case

About 180 troops will share in a settlement of more than $22 million that was reached with two lenders who allegedly wrongfully foreclosed on the service members’ homes without obtaining court orders, in violation of the Servicemembers’ Civil Relief Act, … Continue reading

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Housing market affecting military families, too

LAS VEGAS — Air Force Lt. Col. Michael Ballek thought the four-bedroom house bordered by sage bushes and mountain roads on the edge of Las Vegas was a good deal when he purchased it for his growing family in 2007. … Continue reading

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Effort begins to guard pay before debt deadline

Rep. Duncan Hunter, R-Calif., is among the lawmakers seeking to reassure service members and their families that they won’t miss out on a paycheck, even if the government faces a financial crisis this summer.

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Officials: Charities grow more important to DoD

Volunteer organizations such as the Armed Services YMCA, which help support military families, will have to redouble their efforts as defense budgets decline, two of the nation’s top uniformed officials said.

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April unemployment data is mixed news for vets

The employment picture for veterans improved in April — a sign that efforts to encourage employers to hire veterans may be working — but jobs seem to remain elusive for young, male combat veterans.

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New military pay threat deadline: Aug. 2

The Treasury Department now estimates the federal government will not run out of borrowing power until Aug. 2, but it continues to warn of the threat posed to military pay if Congress doesn’t raise the $14.3 trillion debt ceiling by … Continue reading

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Lawmakers: Foreclosure should not hurt career

A House subcommittee wants to minimize the impact of home foreclosures on service members’ careers by requiring special consideration when a security clearance is given or renewed.

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