Social Security and Medicare will run out of money in just over a decade, a new report warned Monday, putting fresh pressure on Congress to address the nation’s financial health as federal debt rises and the population ages.
But that improvement may not last and can’t change an overall bleak picture, the trustees said, and Congress still must act to stabilize the programs to prevent cutting off benefits from tens of millions of seniors or plunging the nation into insurmountable debt.
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