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Social Security cost-of-living increase could be largest in 40 years, estimate says

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WASHINGTON - The 70 million Americans who receive Social Security benefits could receive a notable adjustment for inflation on their monthly checks starting next year — which could be the largest increase in over 40 years.

Roughly 70 million people, including retirees, those who are disabled, widowers, and others, could see an 8.7% cost-of-living adjustment (COLA) in 2023, according to an estimate from the Senior Citizens League, a group that lobbies for older adults.

Such a boost would be the highest increase since 1981 when the inflation adjustment was 11.2%. The estimate comes after the government on Tuesday released inflation figures for August, which declined for a second straight month amid sharply lower prices for gas and cheaper used cars.

Consumer prices surged 8.3% in August compared with a year earlier, the government said. Though still painfully high, that was down from an 8.5% jump in July and a four-decade high of 9.1% in June.

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High Security Zones declared in Colombo
COLOMBO (News 1st) – Sri Lankan President Ranil Wickremesinghe has declared multiple areas in Colombo as High Security Zones.The details in the extraordinary gazette are as follows:Parliament ComplexOn the NORTH by :- From Polduwa Junction to the Speaker's Residence, Kumbukgaha Duwa Road, Rajamalwatta Road, Jayanthipura Junction, Jayanthipura Road and Parliament Road including Diyawanna Lake.On the EAST by :- From Jayanthipura Junction to Outer Vehicle Park of the Parliament (Alcatraz Park), Parliament Ground, Keangnam Junction, Japan Sri Lanka Friendship Road, Pahalawela Road to Kimbulawala Junction including Diyawanna Lake.On the SOUTH by :- From Kimbulawala Junction to Pin Niyara Junction of Thalawathugoda Road, Area up to Pin Niyara including Sudarshana Mawatha, Daham Mawatha, Gamage Mawatha, Eeyam Poruwa Temple Road, Byroads and MP’s Quarters – Madiwela, Pita Wella Road at the back of MP’s Quarters including Diyawanna Lake.On the WEST by :- From Pin Niyara Junction to Beddagana Junction of Thalawathugoda Road, Polduwa Junction including Diyawanna Lake along Beddagana Road, Polduwa Road, Wehera Kanda Road, Beddagana, Nippon Road Supreme Court Complex, High Court Complex- Colombo, Magistrate Court Complex- Colombo and Attorney General’s DepartmentOn the NORTH by :- From Dam Street, Aluthkade Street to Belmont StreetOn the EAST by :- From Belmont Street to Adhikarana Mawatha Junction along Sanchi Arachchi Gardens RoadOn the SOUTH by :- Parcel Roundabout, Sanchi Arachchi Gardens RoadOn the WEST by :- St.Sebastian Hill Street, Mihindu Mawatha, St.Sebastian StreetPresidential Secretariat, President's House, Sri Lanka Navy Headquarters and Police HeadquartersOn the NORTH by :- From NSA Roundabout to Police Headquaters
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