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Concern grows over benefit cuts for Social Security recipients
Posted
June 28, 2026
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June 28, 2026
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15:29Now PlayingLiveNOW’s Andy Mac is speaking with Zach Cohen, Bloomberg Government's senior budget reporter, as the clock continues to tick for American workers and seniors who are worried about cuts to their Social Security. According to Fox Business, the Social Security Administration’s 2026 Trustees Report confirms that the federal retirement safety net is less than seven years away from fiscal depletion. Experts are saying that the Old-Age and Survivors Insurance (OASI) trust fund will completely exhaust its accumulated reserves in the fourth quarter of 2032.
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