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U.S. Lawmakers Clash over Ways to Extend Social Security Funding

  • Social Security's projected insolvency in 2032 will lead to an automatic 22% to 28% reduction in benefits, averaging $500 less per monthly check.
  • Ron Wyden, D-Ore., criticized Republicans' commission plan as an attempt to reduce benefits with insufficient public debate.
  • Wyden advocates for bipartisan efforts to update Social Security for today's economy and to have billionaires pay fair taxes through payroll and income tax.
  • Charles Blahous advised Congress that both increasing revenues and controlling Social Security cost growth are necessary to address its insolvency.
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U.S. lawmakers clash over ways to extend Social Security funding

(The Center Square) – With the Social Security Trust Fund insolvency date looming, a congressional committee discussed creating a basic procedural framework to address the thorny issue at a Wednesday hearing.

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Just the News broke the news in Washington, United States on Wednesday, August 5, 2026.
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