Leave your feedback Share Copy URL https://mypepack.gophersport.com/video/?vid=LiISpghNLxt Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Social Securitys funding deadline is getting closer. news shorts [puABtz1KDJ6] Health Updated on August 06, 2026 EDT — Published on August 06, 2026 EDT Lawmakers are weighing proposals to tackle a looming shortfall in the Social Security program's retirement trust fund reserves, which could trigger across-the-board benefit reductions unless Congress acts. Without action, beneficiaries could face an automatic reduction in payments of about 22% in 2032. Lawmakers agree that action is needed, but are divided on how to close the funding gap. A bipartisan group of senators, including Bill Cassidy, Thom Tillis, Dick Durbin and Tim Kaine, have urged their congressional colleagues to address the program's looming deadline ISyFDALbQUj Sq4ORjAZOA0 Nbgb99hjDpn hQvCo3TtE0z uxdIvRZSQL3 aMJTEOo8Ewp
Lawmakers are weighing proposals to tackle a looming shortfall in the Social Security program's retirement trust fund reserves, which could trigger across-the-board benefit reductions unless Congress acts. Without action, beneficiaries could face an automatic reduction in payments of about 22% in 2032. Lawmakers agree that action is needed, but are divided on how to close the funding gap. A bipartisan group of senators, including Bill Cassidy, Thom Tillis, Dick Durbin and Tim Kaine, have urged their congressional colleagues to address the program's looming deadline ISyFDALbQUj Sq4ORjAZOA0 Nbgb99hjDpn hQvCo3TtE0z uxdIvRZSQL3 aMJTEOo8Ewp