Warren Warns Social Security Benefits Face 22% Cut by 2032 Without Congressional Action

Sen. Elizabeth Warren told the Senate Finance Committee on August 5, 2026, that if Congress does not act before 2032, Social Security benefits could be slashed by 22 percent when the trust fund is depleted. The hearing, titled "Exploring Process Approaches for Addressing Social Security Solvency," focused on legislative procedure rather than specific reform details.