Leave your feedback Share Copy URL https://mypepack.gophersport.com/video/?vid=V2Mw6fLMsvS Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Social Securitys funding deadline is getting closer. news shorts [D8gColMkSbI] Health Updated on August 08, 2026 EDT — Published on August 08, 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 0yOKnXczamE hyQb4Z9X25h AaUnYtnqGEN lycV1GjRxaF Vu1FIX0gRIv aDWFF9W7k0I
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 0yOKnXczamE hyQb4Z9X25h AaUnYtnqGEN lycV1GjRxaF Vu1FIX0gRIv aDWFF9W7k0I