The Social Security Administration, in an update to its website on Friday, said the department does not currently have the funding to execute the adjustments “in a timely manner and without negatively affecting day-to-day customer service.

Over three million retirees who worked in the public sector, or are entitled to spousal or surviving spousal benefits, will see delays as the SSA manually adjusts benefits as a result of the Social Security Fairness Act.

Millions of retired Americans are set to benefit, but there are concerns the program could run out of funds sooner

The Social Security Administration is warning that Americans affected by the Social Security Fairness Act may need to be patient.

The program's total costs became higher than its total income in 2021, but its costs have been higher than the trust funds' non-interest income since 2010. This means the program is currently sustaining itself by slowly draining its trust funds. But this won't be possible forever.

From Fiscal Year (FY) 2025 to 2035, nominal spending will grow by 53 percent according to the latest Congressional Budget Office (CBO) baseline. About 83 percent of this increase can be explained by only three parts of the federal budget: Social Security, health care, and net interest on the national debt.

With the newest CBO estimate predicting the national debt will hit $52 trillion by 2035, Congress has two feasible options to protect current Social Security benefits without inflicting fiscal harm.

The Social Security Administration says it may run out of money. Options to avoid this include reducing benefits paid to affluent Americans.

According to the Congressional Budget Office (CBO), the Social Security Old-Age and Survivors Insurance (OASI) trust fund reserves will be exhausted by the end of fiscal year (FY) 2033, while the combined Social Security trust funds (OASDI) will be insolvent by the end of 2034.

Social Security will still exist after 2035, according to the report. But without congressional action ... according to the Center on Budget and Policy Priorities. In addition to meeting its ...

The nonpartisan Congressional Budget Office released its latest 10-year budget outlook, which projected the U.S. is on track to break a notable debt record in just four years.

President Donald Trump has frozen $3 trillion in federal funds until his administration completes a full spending review. Here’s what it means.