Report: Social Security disability fund could dry up in 2016
WASHINGTON - The government says people who receive Social Security disability face steep benefit cuts next year unless Congress acts.
In a report Wednesday, the trustees that oversee Social Security said the disability trust fund will run out of money in 2016, right in the middle of a presidential campaign.
That would trigger an automatic 19 percent cut in benefits.
Congress could shift tax revenue from Social Security's much larger retirement fund. But Republicans say they want changes in the program to reduce fraud and to encourage disabled workers to re-enter the work force.
The trustees said the retirement fund has enough money to pay full benefits until 2035, a year later than last year's reports.
Medicare's giant hospital trust fund is projected to be exhausted in 2030.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Legislation to address adoption costs still waiting on final approval
North Baton Rouge emergency room meets yearly projections in six months
Friends and family remember Billy Cannon
Governor John Bel Edwards sits down with 2une In to discuss the...
Police discuss recent rash of violent crimes in BR