The Social Security Old-Age and Survivors Insurance (OASI) Trust Fund pays retirement, spousal, and survivors benefits. Before President Biden signed the Social Security Fairness Act into law, the OASI Trust Fund was expected to be insolvent by 2033, at which point only 79% of scheduled benefits would have been payable.

A number of these individuals simply did not file for Social Security benefits because there was no point and, as a result, they are not in SSA’s computer systems. The Congressional Budget Office expects SSA will have to process new applications as a ...

With the clock is ticking on the Social Security Trust Fund, Reps. George Latimer and Mike Lawler say more time is needed to study the options.

while citing a projection from the Congressional Budget Office (CBO) estimating the move would cost upward of $190 billion over a decade. The CBO also projected in a letter late last year that Social Security’s trust funds could “be exhausted roughly ...

the Congressional Budget Office estimates. The move comes as Social Security recipients are receiving a 2.5% cost-of-living adjustment (COLA) in 2025. Here is what to know about the bill and who ...

The nonpartisan Congressional Budget Office released its latest 10-year budget outlook, which projected the U.S. is on track to break a notable debt record in just four years.

President Joe Biden signed the Social Security Fairness Act into law, repealing old provisions that reduced the amount of Social Security retirement benefits for public sector workers who receive pensions.

President-elect Donald Trump's plans to protect Social Security benefits could give retirees more money in their pockets, but it could also deplete the program's funds more quickly over the long term.

Undocumented workers often pay taxes that help fund programs like Social Security — even if they can’t collect from them in the future.

About 400,000 California Social Security recipients should be eligible for new Social Security benefits — retroactive to December 2023 — under legislation signed into law this week by President Joe Biden.

The national debt is expected to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars in additional tax cuts being championed by President-elect Donald Trump.

As President-elect Donald Trump prepares to take office, the U.S. government’s fiscal health is bleak, Congress’s nonpartisan bookkeeper reported Friday, with debt and deficits set to reach record levels.