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Medicare, Social Security Face Solvency Crisis by 2040

2/25/2026

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Summary

Story summary

The Congressional Budget Office (CBO) projects solvency gaps in Medicare and Social Security, with Medicare exhausted by 2040, Social Security by 2032, and an 8% benefit cut.
U.S. President Donald Trump claimed the U.S. is thriving due to his tax policy and the One Big Beautiful Bill Act (OBBBA).
Experts warn fixing the gaps will require significant legislative action, including tax increases or benefit cuts that would contradict Trump's claims.

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Story summary

The Congressional Budget Office (CBO) projects solvency gaps in Medicare and Social Security, with Medicare exhausted by 2040, Social Security by 2032, and an 8% benefit cut.
U.S. President Donald Trump claimed the U.S. is thriving due to his tax policy and the One Big Beautiful Bill Act (OBBBA).
Experts warn fixing the gaps will require significant legislative action, including tax increases or benefit cuts that would contradict Trump's claims.