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Topic · 2 reports

Social Security

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Social Security OASI trust fund depletion now projected for late 2032

Jun 19, 2026

NewsNation segment reports on the latest Social Security Trustees Report warning that the Old-Age and Survivors Insurance (OASI) retirement trust fund is now projected to deplete in the fourth quarter of 2032, one quarter earlier than prior estimates. Correspondent notes rising anxiety among Florida retirees and the potential for automatic 22% benefit cuts absent congressional action. It references the Committee for a Responsible Federal Budget analysis and quotes Trump administration commitments alongside Republican leaders Mike Johnson and Josh Hawley on reform. A former Social Security administrator advocates raising the payroll tax cap on higher earners.

▶ Source: NewsNation

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Social Security reform push: Insolvency in 2032, GOP divisions ahead of midterms

Jun 15, 2026

The segment features The Hill's Alexander Bolton discussing House Speaker Mike Johnson's call for Republicans to address entitlement spending including Social Security, Medicare, and Medicaid if they retain the majority. It covers the program's projected 2032 insolvency, $40 trillion national debt, interest costs, and political risks ahead of midterms. Bolton cites Republican divisions, historical precedent from Bush's 2005 privatization effort, and input from senators like Hawley, Sanders, Kaine, Durbin, and Curtis on possible fixes such as raising the retirement age, lifting the payroll tax cap, means-testing, or expanding private accounts.

▶ Source: The Hill