Social Security Insolvency Accelerates to 2032 as Tax Cuts Drain $3 Trillion While UK Gilt Markets Face Oil Shock
The One Big Beautiful Bill Act pushes Social Security insolvency forward to 2032, with tax cuts including auto loan deductions and benefit exemptions projected to reduce federal revenue by trillions. UK markets face dual pressure as oil prices above $80 trigger gilt sell-offs ahead of the Spring Statement, while the Triple Lock pension commitment constrains fiscal flexibility amid renewed inflation risks.
ViaNews Editorial Team (Finance)•