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Bipartisan senators seek earlier Social Security reform to address funding gap

Social Security’s trust fund is projected to run out in about six years, prompting the lawmakers to push for a reform process sooner.

Reported · Written up by our desk · Trade & Tariffs

A bipartisan group of senators is calling for an earlier start to Social Security reform after warning that the program’s trust fund that helps pay retirement benefits may run out in about six years, CNBC Markets reports.

The lawmakers are proposing a specific reform process ahead of the expected funding shortfall, aiming to reduce the risk that benefits face abrupt changes if action is delayed, according to the report.

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