Jun 5, 2018

By the numbers: Social Security and Medicare’s budget woes

Photo: Jim Watson/AFP/Getty Images

Both Social Security and Medicare are facing an uncertain future, the Associated Press reports, unless lawmakers take action.

The details: The financial problems plaguing the two programs were revealed in an annual government assessment. While President Trump said on the campaign trail that he would not cut the programs, he "hasn't offered a rescue plan for either."

By the numbers:
  • Over 62 million people are receiving Social Security benefits, with an average monthly payment of $1,294.
  • Nearly 60 million people are on Medicare.
  • The two programs account for "about 40 percent of government spending."
  • In 16 years, Social Security funds could be depleted (which was also reported last year.)
  • Medicare's main fund for hospital and nursing care will run dry in 8 years.

Go deeper

Why Apple may move to open iOS

Photo illustration: Jakub Porzycki/NurPhoto via Getty Images

Apple may finally allow iPhone owners to set email or browsing apps other than Apple's own as their preferred defaults, according to a Bloomberg report from last week.

The big picture: Customers have long clamored for the ability to choose their preferred apps, and now Apple, like other big tech companies, finds itself under increased scrutiny over anything perceived as anticompetitive.

The NFL warms up to betting

Photo: Jim McIsaac/Getty Images

Starting this season, NFL teams in states with legal sports betting will be allowed to have in-stadium betting lounges and accept sponsorships from sportsbooks and betting operators, per multiple reports.

One caveat: There will not be any physical betting windows in the lounges, so they're more "hangout spots for bettors" than an actual "places to make bets."

Go deeperArrow2 hours ago - Sports

Situational awareness

President Trump and First Lady Melania Trump at the Taj Mahal. Photo: Mandel Ngan/AFP via Getty Images