OBBBA to Accelerate Social Security Depletion, Government Estimates

Government estimates indicate the One Big Beautiful Bill Act (OBBBA) will reduce Social Security revenue and pull forward the trust fund's insolvency date. The report confirms a fiscal deterioration but leaves the exact new depletion timeline and policy response uncertain. This matters because it sharpens the political and market stakes around entitlement reform ahead of the 2026 midterms.

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