Social Security Insolvency May Accelerate to 2032 as $5.5 Trillion Debt Bill Threatens Fed Independence
The One Big Beautiful Bill Act will add $5.5 trillion to national debt by 2034, potentially accelerating Social Security trust fund bankruptcy from 2035 to 2032. Jerome Powell's Fed Chair term expires May 2026 as mounting deficits raise questions about whether his successor will prioritize presidential loyalty over monetary policy independence.
ViaNews Editorial Team (Finance)•