Chief Actuary Says GOP Budget Will Accelerate Depletion of Social Security Funds

The Social Security Administration’s chief actuary said Tuesday that the budget package President Donald Trump signed into law last month will harm Social Security’s finances, bringing forward the date beyond which the program will no longer be able to pay out full benefits. In a letter to Sen. Ron Wyden (D-Ore.), who requested an analysis of the budget law’s impact on Social Security’s trust…

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