CBO reported on Social Security trust fund reserves, and the OBBBA passage increased the shortfall in Medicare's trust fund.

The entities involved

• Congressional Budget Office →

  government agency

  • Donald Trump and Scott Bessent commented on the budget, monitoring fiscal health and policy levers during the presidential tenure.Mon 16:08
  • Trump is attempting to incorporate costs into a spending bill, involving the Congressional Budget Office.Sun 00:25
• Medicare →

  US federal health insurance

  • Advocates are calling for guardrails on AI development following a recent hack of the Medicare system.Mon 15:20
  • Leaders call for slowing AI development pace, concurrent with an AI model built by OpenAI being hacked via the Medicare portal.Mon 15:20

Related events

• The Congressional Budget Office reported increases in spending for both Medicare and Social Security programs.Jul 10
• OBBBA reduced federal Medicaid spending, leading to advocacy against the cuts.Jul 4
• The CBO reported an $8.8 billion handout in OBBB, which weakened Medicare drug price negotiation. Bryan Steil voted for the bill benefiting Big Pharma, after receiving donations from lobbyists.Fri 20:52