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Senator warns ‘clock is ticking’ as Social Security funds run dry

Social Security's 3.6% COLA for 2027 aims to help retirees manage inflation, but Sen. Bill Cassidy says larger benefits could accelerate the trust fund's depletion.

Sources (2)+1 copy· Oct 17, 11:00 AM to Oct 17, 12:49 PM

social security funding shortfall social security funding warning Bill Cassidy HR 5345 Economy Government

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Fox Business· Oct 17, 11:00 AMSenator warns ‘clock is ticking’ as Social Security funds run dryAlso ran in EUROPE SAYS
NewsBreak· Oct 17, 11:00 AMSenator warns ‘clock is ticking’ as Social Security funds run dry

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Before

Social Security payroll tax cap gets bipartisan attentionWith Social Security due to reach a funding shortfall in six years, more lawmakers are opening up to the idea of taxing high earners to help fund the program.

CNBC1mo agoWhole story →

Government

Economy social security funding shortfall

Since

Sen. Bill Cassidy warns higher Social Security COLA drains trust fundLouisiana Senator Bill Cassidy discusses his proposed $1.5 trillion investment fund to address Social Security shortfalls, while Bill Sweeney from AARP reacts

EUROPE SAYS2d agoWhole story →

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Economy Bill Cassidy social security funding shortfall

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