Recession hits Social Security, Medicare, too _ funds face insolvency faster than expected

WASHINGTON — Social Security and Medicare are fading even faster under the weight of the recession, heading for insolvency years sooner than previously expected, the government warned Tuesday.

Social Security and Medicare both facing depletion of trust funds sooner because of recession

WASHINGTON — Social Security and Medicare are fading even faster under the weight of the recession, heading for insolvency years sooner than previously expected, the government warned Tuesday. Social Security will start paying out more in benefits than it collects in taxes in 2016, a year sooner than projected last year, and the giant trust fund will be depleted by 2037, four years sooner, trustees reported.

Trustees report expected to show worsening financial picture for Social Security and Medicare

WASHINGTON — The financial health of the government’s two biggest benefit programs may have slipped over the past year, reflecting the deep recession that has already bitten into other areas of the budget.

Trustees report expected to show worsening financial picture for Social Security and Medicare

WASHINGTON — The financial health of the government’s two biggest benefit programs may have slipped over the past year, reflecting the deep recession that has already bitten into other areas of the budget.