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    Trump predicts the Iran war will finish “very soon” and announces the lifting of sanctions to lower oil prices.

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    We’ve learned from 50 years of oil price shocks that there are currently just two factors that matter to markets.

    March 9, 2026

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    • Trump predicts the Iran war will finish “very soon” and announces the lifting of sanctions to lower oil prices.
    • We’ve learned from 50 years of oil price shocks that there are currently just two factors that matter to markets.
    • Big Tech stocks are steadily rising, but don’t anticipate a sustained surge.
    • YouTube is currently the biggest media corporation in the world, and it continues to grow.
    • These five stocks may rise in response to Nvidia’s major GTC event.
    • The situation in Iran is unlikely to harm the US economy or increase inflation, but the Fed will take its time lowering interest rates.
    • Strait of Hormuz Crisis: Oil Prices & Global Impact
    • Iran Conflict Drives U.S. Gas Prices Higher in Spring 2026
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    Home » Democrats question if Social Security beneficiaries have suffered as a result of the $1 billion in DOGE cost-cutting.
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    Democrats question if Social Security beneficiaries have suffered as a result of the $1 billion in DOGE cost-cutting.

    Senators ask for the impact of staffing cuts and office closures on beneficiaries and benefits
    April 25, 2025No Comments
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    Several Democratic U.S. senators have called for transparency regarding the administration’s future plans for the agency and a watchdog review to determine whether the recent staff cuts and reorganization have negatively impacted customer service and benefit delivery. The Social Security Administration estimated that these changes have resulted in savings of over $1 billion.

    Five Democratic senators, including Chuck Schumer of New York, Elizabeth Warren of Massachusetts, and Ron Wyden of Oregon, wrote to the assistant inspector general for audit of the Social Security Administration on April 23 to voice their concerns about “recent developments at the Social Security Administration (SSA) that will drastically disrupt – if not reduce – Americans’ earned benefits.”

    In a separate letter to Acting Commissioner Leland Dudek of the Social Security Administration that same day, scores of Democratic lawmakers demanded a guarantee that Social Security field offices would stay open or an explanation for any potential closures.

    The SSA announced that it had “identified a range of cost avoidance or efficiencies, including terminating or de-scoping wasteful contracts promoting radical DEI (diversity, equity, and inclusion) and gender ideology.” The letters follow that declaration. In order to improve accountability, the agency also required teleworking staff to report to work full-time and removed “layers of outdated and inefficient bureaucracy in its headquarters and regional offices.”

    The Social Security Administration has reverted its stance on policies pertaining to telephone customer service, reduced regional offices from ten to four, and laid off 7,000 employees, or 12% of its staff, in the last two months. Elon Musk’s alleged Department of Government Efficiency (DOGE) ordered the modifications.

    Learn about the latest developments at Social Security.

    The senators inquired as to whether the agency had performed any qualitative or quantitative evaluations to assess the impact on recipients and the agency’s capacity to administer the programs in light of these changes. Additionally, they inquired as to whether better customer service resulted from personnel reductions and office closures.

    “Several senior SSA officials with centuries of institutional knowledge and experience have already left the agency as a result of these moves, which have obviously had a chilling effect on the agency’s personnel. We fear that this unpleasant work atmosphere will lead to staff fatigue, low morale, increased attrition, and decreased production,” the letter stated. “Collectively, this will undoubtedly lead to disruption in benefit payments and increasing barriers for Americans to access their Social Security benefits.”

    According to the agency, the combined savings from such measures exceeded $1 billion. The agency’s customer service will be significantly enhanced by updating its information technology while “protecting benefits from waste, fraud and abuse,” it stated. The annual budget of the Social Security Administration is $1.5 trillion.

    A request for comment on the letters was not immediately answered by the Social Security Administration.

    “Democrats are making significant progress in holding Donald Trump and Elon Musk responsible for undermining Social Security. According to Alex Lawson, executive director of advocacy group Social Security Works, “these letters, along with actions by grassroots activists at Social Security offices across the country, are shining a spotlight on how the Musk-Trump regime is threatening our earned benefits.”

    Republican agreement would be needed for other measures, including as mandating that Musk testify before Congress regarding DOGE’s operations at SSA, according to Lawson.

    “Unfortunately, DOGE’s annihilation of Social Security has the support of every Republican in Congress. “These letters and public protest are among the best accountability tools available, unless that changes as the midterm elections approach and public ire increases,” Lawson said.

    In a preliminary injunction last week, U.S. District Judge Ellen Hollander, who had previously granted DOGE a temporary restraining order, restricted DOGE’s access to Social Security data in a case filed by labor groups. Employees of DOGE shall only be granted access to data following training and background checks, and only if the data cannot be identified.

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      Trump predicts the Iran war will finish "very soon" and announces the lifting of sanctions to lower oil prices.
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      We've learned from 50 years of oil price shocks that there are currently just two factors that matter to markets.
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      Big Tech stocks are steadily rising, but don't anticipate a sustained surge.

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