Trump’s “One Big Beautiful Bill Act” Is Speeding Up Social Security Insolvency

A new report examining the effects of President Donald Trump’s “One Big Beautiful Bill Act” (OBBBA) shows that it will cause Social Security funds to be depleted more quickly, resulting in significant benefit cuts for new retirees starting in the next decade. The analysis from the Committee for a Responsible Federal Budget, a nonpartisan watchdog group that provides insight and advice on…

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