A trust fund that helps to finance Social Security benefits is expected to run out of money in less than seven years — unless Congress acts to patch the system before that.

The federal government could face hundreds of billions of dollars in additional annual borrowing needs.

With Social Security’s funding shortfall approaching, lawmakers are proposing a bipartisan commission to develop ...

Tens of millions of retirees and other Americans could see smaller monthly Social Security checks in six years if lawmakers don’t act to shore up the program’s finances, according to an annual report ...

Every year, the panel overseeing the trust fund for Social Security and Medicare publishes its annual financial report. And every year, its members make clear that the programs’ reserves will be ...

Mary Roeloffs is a Forbes breaking news reporter covering pop culture. The Social Security Administration's annual trustees report predicts the Old-Age and Survivors Insurance (OASI) Trust Fund will ...

The borrowing pressure could have consequences before Congress decides to act. The 10-year Treasury yield could spike, and ...

A new trustees report says Social Security’s trust funds are projected to run short by the end of 2032, which could lead to ...

The latest Trustees Report outlines a base case in which Social Security's Old Age and Survivors Insurance Trust will run dry before the end of 2032. That's a few months earlier than last year's ...

But there’s still ample cause for skepticism that Congress will successfully tackle the looming shortfall in Social Security funds, now predicted to hit in the fourth quarter of 2032. That’s only one ...