More news on the Social Security Trust Fund. The loss of 5.7 million jobs since the beginning of the recession, and the payroll taxes that went with them, have taken a toll on funding for Social Security and Medicare, the programs' trustees reported. The Social Security trust fund is on pace to run out of money four years earlier than expected, in 2037, while Medicare is on pace to become insolvent two years earlier than anticipated, in 2017, the trustees said.
The New York Times (5/12), USA TODAY/The Oval blog (5/12)
