The latest projections show Social Security may have to cut retirement benefits in six years. Here's what may happen if Congress doesn't prevent that.
Social Security may have to cut retirement benefits in six years. Here's how much money is at stake for beneficiaries
Source: CNBC
Original reporting
CNBC: read the full reportRelated stories
CNBC
Everything changed for the oil, AI and bond trades over the past month
The market expects oil to keep rising, but treasury yields have declined, a warning traders and investors may be more worried about an AI crash than inflation.
CNBC
These Senate races may help determine the fate of Social Security
Social Security's retirement trust fund may run out in 2032. Senators elected this November will be in office when that deadline comes.
CNBC
I'm a psychologist who studies couples: People in the happiest relationships do 1 thing differently after time apart—whether it's hours, days or weeks
Psychologist Mark Travers argues that the first few minutes after time apart are key to a close, happy relationship, and shares five tips to get them right.
CNBC
Why AI is boosting Meta's ad business while hurting Google search
The gap between Meta's ad revenue growth and Google's search expansion was the widest it's been since 2021 in the latest quarter.
CNBC2 outlets
Binance, crypto and hacks: What to know about keeping coin safe as cyber criminals advance
The Binance hack of $6.3 billion, the largest crypto theft ever, is a wake-up call for investors to understand how coin is guarded and the risk of losing it.
The Guardian2 outlets
The measure slipped into UK budget that could protect spending on children, youth and rough sleeping | Heather Stewart
PDEL, which will ringfence money for preventive policies, marks a welcome and potentially consequential addition John Healey’s debut budget was far from a blockbuster, but it may come to be remembered for the birth of a plucky new character in the tax and spend universe – little PDEL. It may not have the charm of Disney’s Wall-E, but PDEL (pronounced P-Del), or preventative departmental expenditure limit, to give it its full name, marks a welcome, and potentially very consequential, addition. Continue reading...