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N.Y. contractors pay $21.3M to settle veteran small business contract fraud claims

Two New York-based electrical contractors and their top executives have agreed to pay $21.3 million to resolve federal False Claims Act allegations that they improperly obtained government contracts reserved for service-disabled veteran-owned small businesses and other eligible small businesses, the Justice Department announced.

N.Y. contractors pay $21.3M to settle veteran small business contract fraud claims

Two New York-based electrical contractors and their top executives have agreed to pay $21.3 million to resolve federal False Claims Act allegations that they improperly obtained government contracts reserved for service-disabled veteran-owned small businesses and other eligible small businesses, the Justice Department announced.

Social Security’s retirement trust fund faces funding shortfall one year earlier than expected

Social Security’s retirement trust fund is projected to face a funding shortfall in 2032, a year earlier than last year’s projections, according to an annual report released Tuesday, while Medicare’s hospital insurance trust fund will be unable to pay full benefits in 2033, which is unchanged from last year’s estimate.

Social Security’s retirement trust fund faces funding shortfall one year earlier than expected

Social Security’s retirement trust fund is projected to face a funding shortfall in 2032, a year earlier than last year’s projections, according to an annual report released Tuesday, while Medicare’s hospital insurance trust fund will be unable to pay full benefits in 2033, which is unchanged from last year’s estimate.