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U.S. House Speaker Kevin McCarthy ratcheted up the debt-ceiling rhetoric this week, saying that President Joe Biden "continues to hide" from a resolution and urging him to "stop playing partisan...
Deficit reduction options offered by the CBO and CRFB could extend the solvency of key trust funds for Social Security, Medicare and highways that are on a path to exhaustion.
The non-partisan Congressional Budget Office found that Social Security's main trust funds could be exhausted by 2033, which could result in reduced payments to beneficiaries.
Social Security recipients received less than they needed in 2022 as actual inflation was above their inflation-adjusted benefits, according to the nonpartisan Senior Citizens League.
Rep. Jason Smith, R-Mo., rips Joy Reid's dismissal of Social Security insolvency warnings, saying, "Just because someone says it's not true doesn't mean it's not true."