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International Business Times UK
International Business Times UK
World
Chrys Brent Deiparine

Trump's 'One Big Beautiful Bill' Quietly Costing Social Security $169 Billion and Fast-Tracking Benefit Cuts

The Social Security Administration's chief actuary estimates that President Donald Trump's One Big Beautiful Bill Act (OBBBA) will increase Social Security's costs by $168.6 billion over the next decade, adding further pressure to a programme already facing long-term financial challenges.

The law is also expected to bring forward the projected depletion date of Social Security's combined trust funds, reducing the time available for Congress to address the programme's funding gap.

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