Social Security Insolvency Accelerates to 2032 as $1.1T Healthcare Cuts Hit Markets
The One Big Beautiful Bill Act combines $1.1 trillion in Medicaid and ACA cuts with tax relief that pushes Social Security and Medicare insolvency to 2032, six years ahead of previous projections. Jerome Powell's May 2026 departure as Fed Chair creates uncertainty over central bank independence as fiscal conditions deteriorate. Bond and currency markets face dual pressures from expanding deficits and questions about Fed autonomy under new leadership.
ViaNews Editorial Team (Markets)•