Social Security Insolvency Accelerates to 2032 as Tax Cuts Collide with $23 Trillion Liability
The One Big Beautiful Bill Act threatens to push Social Security insolvency forward to 2032, triggering automatic 27% benefit cuts for 70 million recipients. The fiscal strain comes as Fed Chair Jerome Powell's May 2026 term expiration creates monetary policy uncertainty, pressuring Treasury yields and risk assets amid rising deficit projections.
ViaNews Editorial Team (Markets)•