Social Security - Congressional Budget Office
Oct 2, 2024 · CBO projects Social Security’s finances under current law and analyzes a wide variety of possible changes to the law. In CBO’s projections, the U.S. population increases …
Director’s Statement on the Budget and Economic Outlook for …
Jan 17, 2025 · We project that in 2029, debt will surpass its high in 1946 of 106 percent of GDP. Social Security’s Old-Age and Survivors Insurance Trust Fund will be exhausted in 2033, the …
CBO’s 2024 Long-Term Projections for Social Security
The Congressional Budget Office’s long-term projections for Social Security follow CBO’s 10-year baseline budget projections and then extend most of the concepts underlying those projections.
Biden signs Social Security Fairness Act: Who gets increased …
Jan 6, 2025 · The bill, passed by the House of Representatives in November and approved in the Senate by a 70-26 vote last month, will cost $196 billion over the next 10 years, the …
How the CBO Arrived at Its Cost Estimate for Repealing Social Security ...
Sep 17, 2024 · Following is the key portion of the Congressional Budget Office estimate of bills pending in Congress to repeal the windfall elimination provision and government pension …
CBO Finds GOP Social Security Plans Would Slash Benefits by …
Sep 25, 2024 · – A new report from the Congressional Budget Office (CBO), requested by House Budget Committee Ranking Member Brendan F. Boyle, found that Republican Social Security …
Social Security Fairness Act signed into law by Biden, enhancing ...
Jan 7, 2025 · The Social Security Fairness Act had bipartisan support, yet faced last-minute objections from some Republicans due to its cost. According to the Congressional Budget …
material supports the Social Security Administration’s (SSA) Fiscal Year (FY) 2025 Congressional Budget Justification and provides requisite details for Government Accountability Office (GAO) …
CBO’s 2024 Long-Term Projections for Social Security
Aug 28, 2024 · In this report, the Congressional Budget Office describes its 75-year projections for the Social Security program. One set of projections reflects a scenario in which the …
Three Key Moments from Social Security Subcommittee Hearing …
Jun 6, 2024 · WASHINGTON, D.C. – Social Security’s finances are on an unsustainable path, warned the Social Security chief actuary and director of the Congressional Budget Office at a …