On November 2, 2015,
President Obama signed into law the Bipartisan Budget Act of 2015, legislation
that raises the federal
debt limit and establishes the framework for a two-year budget deal. The
legislation, needed to avoid an
impending default on U.S. debt, also contains multiple unrelated provisions,
including an elimination of two
Social Security retirement benefit claiming strategies and a provision to
prevent a significant
increase in Medicare Part B premiums for some.
