U.S. Deficit Bill Could Drain Social Security Three Years Early, Threatening European Capital Stability
The One Big Beautiful Bill Act will add $5.5 trillion to U.S. national debt by 2034, accelerating Social Security insolvency from 2035 to 2032, according to the Committee for a Responsible Federal Budget. The fiscal expansion coincides with Federal Reserve Chair Jerome Powell's May 2026 term expiration, creating uncertainty for European markets dependent on dollar stability and transatlantic capital flows.
ViaNews Editorial Team (Europe)•