New warning: Social Security cuts will be larger than predicted, feds say
Federal officials warn that Social Security reserves are projected to be exhausted by the fourth quarter of 2032, with benefit cuts expected to be larger than previously estimated.
Reserves for the Old-Age and Survivors Insurance Trust Fund are set to run out in the fourth quarter of 2032.
READ NEXT
More on the wire
AI TLDR
Alejandra Franco, a 20-year-old rodeo student-athlete at Tarleton State University, died following an injury sustained during a competition in Texas.
AI TLDR
A 4-year-old Florida boy died after shooting himself with a gun found in his mother's purse. The mother has been charged in connection with the incident.
AI TLDR
Healthcare providers in Alabama report that a single dominant health insurance company is negatively impacting the system. Doctors and hospitals claim the insurer's market dominance forces them to accept low payments or risk closure.