US Senate Democrats Debate Path Forward on Government Funding Bill
U.S. Senate Democrats were wrestling on Wednesday with how to respond to a stopgap funding bill passed by the Republican-controlled House of Representatives, choosing between voting for a bill many of them oppose or allowing a government shutdown.
From eliminating taxes on benefits to major staffing cuts at the Social Security Administration, President Donald Trump’s ...
Facing intense pressure over the threat of a shutdown in less than two days, lawmakers are racing to push through a ...
(The Social Security funding gap alone is equal to 1.2% of GDP, or about $360 billion a year in 2025; the gap in the Medicare Part ... to our looming financial crisis is somewhere between ...
Languages: English Many government programs are facing significant funding cuts as the Republican ... They're planning to cut Medicare, Social Security, and public schools—all while handing ...
These programs aren’t subject to annual appropriations. Their funding is mandated by law. Both Social Security and Medicare have a dedicated revenue stream: the payroll taxes that eat up 7.65% ...
which face a looming insolvency crisis. The annual Social Security and Medicare trustees report released last May said the program’s trust fund will be unable to pay full benefits beginning ...
Mandatory spending is the part of a government's budget that is legally required to be spent, and includes funding for entitlement programs like Medicare and Social Security and other payments ...
Democrats argued that Elon Musk and DOGE were going after Social Security and Medicare in their effort ... see a 21% benefit cut when the trust fund is depleted in late 2033.
The trust fund also garners the interest earned on its investments, income taxes from some Social Security benefits, and income from Medicare Part A premiums. The HI trust fund covers the ...
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