Social Security | The Fiscal Times

Social Security Benefits Set for a 3.6% Boost in 2027

Social Security beneficiaries will get a 3.6% cost-of-living adjustment for 2027, the Social Security Administration said Wednesday. The benefit boost...

Deficit Rose to $2 Trillion for 2026 Fiscal Year: CBO

The U.S. Capitol dome is seen in Washington

The federal budget deficit came to $2.0 trillion in the 2026 fiscal year, the Congressional Budget Office estimated Thursday. The CBO’s final...

Social Security COLA for 2027 Now Projected to Be 3.5%-3.6%

As inflation continues to run hotter than the Federal Reserve’s 2% annual target rate, Social Security beneficiaries are poised to see the highest...

Senators Clash Over How to Fix Social Security

The Senate Finance Committee held a hearing on Wednesday to discuss approaches to addressing Social Security’s financial challenges, most notably a...

Unlikely Pair of Senators Push a Plan to Save Social Security

U.S. Social Security card designs over the past several decades

A bipartisan pair of senators is calling on Congress to act quickly to shore up the finances of Social Security, the immensely popular old-age program...

Social Security Trust Fund Depletion Date Moved Up to 2032

The main Social Security trust fund will run dry in late 2032, resulting in a 22% reduction in benefits unless Congress acts to shore up the program’s...

Immigrants Cut the Deficit by $14.5 Trillion Over 30 Years: Analysis

Migrants are seen after crossing illegally to the United States to turn themselves in to request asylum in El Paso, Texas, U.S., as seen from Ciudad Juarez

Immigrants Cut the Deficit by $14.5 Trillion Over 30 Years: Analysis Immigrants have been net-positive contributors to federal, state and local...

Social Security Chief Named to Also Serve as IRS ‘CEO’

Treasury Secretary Scott Bessent announced Monday that Social Security Commissioner Frank Bisignano will also serve in a newly created role as chief...