US Fiscal Package Threatens Social Security Solvency by 2035 as Fed Leadership Transition Looms
The One Big Beautiful Bill Act combines $5.5 trillion in tax cuts with healthcare spending reductions, accelerating Social Security and Medicare insolvency to 2035. Jerome Powell's May 2026 Fed departure raises concerns about central bank independence as fiscal pressures mount. The crisis contrasts with UK fiscal tightening, where salary sacrifice reforms could raise £3-4 billion annually.
ViaNews Editorial Team (Markets)•