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The recession has had little effect on the financial health of Social Security and Medicare, but economists say Congress still needs to act quickly to shore up the trust funds as the baby boom population ages.The projected insolvency date of the Medicare trust fund was extended to 2030 barring changes, a year later than earlier estimates. Social Security isn t expected to run out of cash until 2041, three years later than expected, trustees for the retirement programs said in their annual report Tuesday. This reprieve provides little comfort as the programs continue to face substantial financial challenges in the not-too-distant future that need to be addressed at the earliest opportunity, said Treasury Secretary Paul O Neill, one of the trustees for the two programs. The longer we wait the more difficult our choices will be in the future. Both funds currently bring in much more annually than they spend, with an eye toward building the funds up before they deal with the onslaught of retirees that begins in
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The incredible properties of hagfish slime have fascinated scientists for decades, but researchers are only just beginning to make sense
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