$5.5 Trillion Debt Expansion Collides With Fed Leadership Transition as Social Security Fund Faces 2032 Insolvency
The proposed One Big Beautiful Bill Act will add $5.5 trillion to national debt by 2034 while accelerating Social Security insolvency to 2032, three years earlier than baseline projections. Jerome Powell's Fed Chair term expires May 2026, creating uncertainty over monetary policy independence as fiscal pressures mount and the retirement trust fund approaches depletion.
ViaNews Editorial Team (Markets)•