Social Security Fund Depletion by 2035 Collides with $1.1T Tax Cut Package
The Congressional Budget Office projects Social Security fund exhaustion between 2032-2035, triggering automatic benefit cuts as the One Big Beautiful Bill Act reduces federal revenue by $1.1 trillion. Only 24% of current Social Security recipients will see tax relief from the legislation, which also cuts $1.1 trillion in Medicaid spending. Fed Chair Jerome Powell's May 2026 term expiration adds uncertainty to fiscal-monetary policy coordination.
ViaNews Editorial Team (Markets)•