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Schumer pledged to move ahead with a procedural vote Tuesday afternoon on legislation that would, at minimum, fund semiconductor manufacturing grants and tax incentives through 2026.Â
Democrats included a temporary solution, delaying the shift from this year to the start of 2026, in their $2.2 trillion climate and social safety net bill.
Medicare is probably more costly in the long run and has an even earlier trust fund exhaustion date, in 2026.
Pennies on the dollar The PBGC estimated that its insurance fund, which now has about $3 billion in reserves, will run out of money in 2026 — around the same time the nation’s second-largest union
Likewise, Medicare trustees said their Hospital Insurance Trust Fund will be depleted by 2026 when it will be able to cover just 89 percent of its obligations, a figure that is projected to drop to 77