Two reports released Monday show that the U.S. combined Social Security trust fund is projected to deplete its reserves by 2035.
The Trustees for Social Security and Medicare released annual reports on Monday. The Trustees projected the Medicare Hospital Insurance trust fund will exhaust its reserves in 2036. The Social Security Old-Age and Survivors Insurance (OASI) trust fund was projected to be insolvent by 2033.
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President Joe Biden’s executive order to convert the federal fleet of automobiles to all zero-emission vehicles by 2035 is off to a slow start, according to a new report.
The U.S. Government Accountability Office found that federal agencies subject to Biden’s executive order replaced or acquired about 45,000 vehicles in fiscal year 2021. About 260 of those 45,000 were considered zero-emission vehicles. That’s 0.58% of the total. While many federal agencies have started planning for an all-electric future, they face challenges such as limited vehicle availability, costs and limits on the ability to charge vehicles at federal facilities, some of which are leased, according to the Government Accountability Office report.
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