Competing claims over bill to address looming Social Security, Medicare insolvency in GOP coronavirus package - News Summed Up

Competing claims over bill to address looming Social Security, Medicare insolvency in GOP coronavirus package


The bill, in addition to Medicare and Social Security, would also address the federal Highway Trust Fund. CRFB President Maya McGuineas, in a statement backing the inclusion of the bill in the coronavirus package, emphasized the dire status of the federal trust funds. "The highway trust fund will likely run out of reserves next year, and Social Security is only a decade behind. When today’s youngest retirees turn 73, they can expect an abrupt 23 percent cut in their Social Security benefits under current law. There is a long road ahead of Congress before a final coronavirus relief bill is passed.


Source: Fox News July 27, 2020 18:33 UTC



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