News

The Congressional Budget Office projects that the Social Security trust funds would no longer have the financing to be able to pay full benefits to recipients by 2033 without adjustments to the ...
The OBBBA boosts tax breaks for seniors with higher deductions, but experts warn it could strain Social Security and deepen the national debt over time.
What's $500 billion between friends? Chump change, right? Unfortunately, that's about the difference of opinion between the Social Security Trustees and the Congressional Budget Office when it ...
The Penn Wharton Budget Model found that eliminating income taxes on Social Security would cost $1.5 trillion over the next decade and speed up the program’s projected insolvency date to 2032.
The "Big Beautiful Bill" did not actually eliminate taxes on tips, overtime, or Social Security, but many people will be able ...
Social Security Administration praises Trump's One Big Beautiful Bill Act that eliminates income taxes on benefits for 90% of ...
Social Security funds are set to start running a shortfall in 2032, one year earlier than previously expected, the director of the Congressional Budget Office (CBO) said on Tuesday. “The Social ...
Federal spending on Social Security and Medicare is projected to rise dramatically over the next decade, ... according to new estimates from the Congressional Budget Office (CBO).
Indeed, the Congressional Budget Office’s projection shows the ravages of the recession easing in the next few years, with small surpluses reappearing briefly in 2014 and 2015.
Social Security, Medicare, Medicaid and other healthcare programs made up nearly 75 percent of mandatory spending last year, according to the Congressional Budget Office.
Social Security checks are going to be a lot smaller in 10 years unless Congress changes something ... That’s according to a projection released this week by the Congressional Budget Office, ...
New forecasts from the nonpartisan Congressional Budget Office, released on Wednesday, showed Medicare and Social Security spending growth rapidly outpacing the growth in federal tax revenues over ...