US Social Security Faces 2032 Insolvency as Political Pressure Threatens Fed Independence
The One Big Beautiful Bill Act pushes US Social Security insolvency to 2032, triggering automatic 33% benefit cuts for 67 million Americans. The legislation combines $1.1 trillion healthcare cuts with tax reductions that accelerate fund depletion, while Fed Chair Jerome Powell's May 2026 term expiry raises global concerns about central bank independence in the world's largest economy.
ViaNews Editorial Team•
