Senator urges $1.5T Social Security fix as 2032 deadline nears
More than 70 million beneficiaries could face a 22% cut in 2032 unless Congress acts; a bipartisan Senate proposal has not yet been introduced as legislation.
More than 70 million Americans face an automatic 22% cut to Social Security benefits in 2032 if Congress does not act. A senator is pushing a $1.5 trillion fix as a bipartisan Senate proposal to address the shortfall has yet to be introduced as legislation.