Concern grows over benefit cuts for Social Security recipients
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LiveNOW’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. Subscribe to LiveNOW from FOX! https://www.youtube.com/livenowfox?sub_confirmation=1 Where to watch LiveNOW from FOX: https://www.livenowfox.com Follow us @LiveNOWFOX on TikTok: https://www.tiktok.com/@livenowfox Raw and unfiltered. Watch a non-stop stream of breaking news, live events and stories across the nation. Limited commentary. No opinion. Experience LiveNOW from FOX. Live news streaming channel when and where you need it.
Tags: news, united states, politics, news today, fox live, SocialSecurity, Retirement, BenefitCuts, Savings, OASI, Economy, USNews, RetirementCrisis, Seniors, FinancialPlanning, BudgetNews, TrustFund, SSA, FiscalNews, MoneyMatters
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