Independent U.S. agency administering Social Security benefits
The executive order directing a federal citizenship list and USPS-ballot delivery has sparked multiple lawsuits. Courts are weighing the order’s legality against states’ rights to run elections and concerns about voter disenfranchisement and administrative burden.
Multiple recent reports have revealed unsafe conditions across U.S. immigration detention sites and a rising death rate since January 2025. Federal watchdog and medical examiner findings have shown missing evidence, inadequate medical care, suicides and a homicide ruling after a Haitian asylum seeker died days after release. Protests and hunger strikes are escalating at privately run centres.
Trust funds for Old-Age and Survivors Insurance and Medicare face earlier depletion than previously forecast. PWBM projects depletion by 2033 for OASI and 2034 for combined funds, while the official trustees warn longer-term pressures. Lawmakers face urgent choices on taxes, benefits, and program integrity as costs rise for aging Americans.
A CNBC-led review shows women continue to earn less, provide more caregiving, and save differently, widening retirement gaps. While Social Security decisions and new accounts nudge savings, experts warn the gap remains and growth in annuity options is gradual.
A wave of new surveys shows Americans face higher retirement costs and uncertainty about Social Security solvency. People are saving less than they think they’ll need, inflation and healthcare costs are rising, and many expect to work longer or rely on savings strategies to bridge the gap.
The Social Security system faces a potential funding shortfall by 2032, risking up to a 22% cut to monthly benefits. Lawmakers are weighing options, including removing the income cap on contributions. Current payments are issued on a staggered schedule by birth dates, with SSI recipients on a separate timeline.
The Supreme Court is being pressed as states challenge President Trump’s March executive order to create a national voter list and restrict mail ballots. Courts have blocked key provisions, while the administration seeks emergency relief ahead of the midterms.
A roundup of recent reports shows Americans face higher living costs and tighter budgets. Survey data indicate many households lack emergency savings, while inflation remains above the Fed's target. Analysts warn about potential changes to Social Security COLA and the long-run funding of the program.
Inflation has remained stubbornly high as energy prices stay elevated following the Iran conflict. Across the U.S. and UK alike, prices have moved little since last month, with energy and food costs continuing to weigh on households. Analysts say ongoing volatility will keep consumer costs under pressure in the near term.
The US has passed $40 trillion in total public debt, the Treasury has reported, driven by large pandemic-era and recent spending and tax changes. Interest payments have risen sharply and are now a larger budget item than many programmes. Treasury officials argue growth can be managed by stronger economic growth and fiscal consolidation.