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This developing story in the next several hours. jails, thank you very much. >> reporter: thank you. jon: right now a major announcement about social security benefits. fed says millions will see increase in their monthly payments but it might not be the kind of number you expect. steve centanni following the story from washington. >> reporter: hi, jon. 56 americans receiving social security will see their checks go up but only 1.7% next year. this is tied to the rate of inflation just released this morning by the bureau of labor statistics. with a low inflation rate comes the slight increase,...

Business network joins us. adam, good morning. how does this break down? >> well, for the average recipient right now they are getting $1,237 a month. it's really not that big an increase it will be between 12 and $24. we can show you right now what they can expect. as you said a lot of retirees, 56 million people who received social security will find out tomorrow from the bureau of labor statistics how large that increase might be. nobody is expecting 2%, it's expected to be less than that. martha: how do they determine these cola payments? obviously it's pinned to the economy and how much m...

Softbank has reportedly agreed to acquire a majority stake in sprint nextel for $20 billion. the boost to social security benefits could be among the lowest in decades, around 1%, or an estimated $12 to $24 for the typical retiree collecting an average of $1,237 a month. sunland, the new mexico company connected with an ongoing recall of nut butter to include raw and roasted peanuts. amazon kindle owners could see a drop in ebook price and possibly even refunds on past purchases if a judge approves legal settlements of publishers accused of fixing prices. apple has not confirmed the existe...

Apologize for being rich. i want you to acknowledge that in america, we should all have to pay our fair share. that's called stepping up and not whining about it. "for republicans asking those to pay their fair share, it's like a scary movie, a scene out of the shining. >> come on, the top 1% pay 38% of the taxes in america, how much more do you want them to pay. >> his idea of fairness, at imposing it on ores. >> red rum. >> it's fine to talk about those things in quiet rooms. >> what is in room 1237? >> nothing. there ain't nothing. >> republican tax policy, be afraid, be very afraid. [ dono...

I'm not sure what exactly their concerns are in. to go p senators, if they have a concern or an, u are proo temperature so i can't understand why they want to have a pass year or what but they'll have every opportunity to pass this legislation. that's the legislative process. >> reporter: on the president's budget, some of your colleagues point to serious concern about potential cuts -- 1,237 be -- honestly, haven't looked at the