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Medicare and Social Security go-broke dates are pushed back in a ‘measure of good news’

By The Associated Press - | May 7, 2024

FILE - Social Security Administration commissioner Martin O'Malley testifies on Capitol Hill, March 20, 2024, in Washington. The go-broke dates for Medicare and Social Security have been pushed back as an improving economy has contributed to changed projected depletion dates, according the annual Social Security and Medicare trustees report released Monday, May 6, 2024. O'Malley called the report "a measure of good news," but said, "Congress still needs to act in order to avoid what is now forecast to be, in absence of their action, a 17% cut to people's Social Security benefits." (AP Photo/Mariam Zuhaib, File)

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