4 hours ago
Bipartisan senators introduce PROMISE Act to address Social Security funding shortfall
The proposal creates a mechanism that requires Congress to vote on a plan to fix long-term insolvency. This effort aims to prevent automatic benefit cuts currently projected to occur by 2032. Senators claimed that Social Security will no longer be a guarantee within six years without action. The PROMISE Act aims to ensure seniors continue to receive their full benefits despite fiscal deadlines. Under the proposal, Congress would be forced to make major changes to the system to ensure stability. This bipartisan group seeks to solve the funding shortfall before the trust fund is exhausted. Senator statement on the PROMISE ActBipartisan group of senators introduce bill to save Social SecuritySocial Security Update: Congress Forced to Make Major Changes Under Proposal
