What You Need To Know The go-broke dates for Medicare and Social Security's trust funds have moved up as rising health care costs and new legislation affecting Social Security benefits have ...

The Social Security Fairness Act removed restrictions on benefits for people with government pensions. If you're one of them, ...

Prices rose faster in May than forecasters had anticipated, and consumers unexpectedly lost income and pulled back on spending.

The trust fund behind many Americans' monthly Social Security benefits could be depleted in the next decade, leading to cuts in benefits of up to 23%. A: A six-member board made up of the Treasury, ...

Social Security Board of Trustees Annual Report warns of an accelerated timetable for trust fund depletion and potential benefit reductions that could significantly impact ...

PCAOB Elimination Plan Hits Roadblock in Senate The Senate has been compiling a version of House-approved ‘big, beautiful bill,’ including a provision to fold the U.S. audit watchdog into the SEC ...

Experts note the main driver behind the accelerated insolvency timeline is the Social Security Fairness Act, enacted January 5, 2025. The legislation repealed the Windfall Elimination and ...

The Senate parliamentarian’s office ruled that a provision in the One Big Beautiful Bill Act to defund the PCAOB and transfer its activities to the SEC isn’t permissible. The budget reconciliation ...

The outlook worsened in 2021, when Social Security's costs exceeded its income, including interest, forcing the program to dip into its $2.9 trillion "trust fund"—mostly an accounting gimmick ...