Senators elected in November must address Social Security before the trust fund is projected to run out in Q4 2032, when benefits could be cut by 22% without action. A Peter G. Peterson Foundation survey finds 81% of voters are more likely to back a candidate with a plan to avoid automatic cuts than one who promises not to touch the program. CNBC identified nine of the 35 Senate races where candidates have discussed the program's future, and MS NOW rates all nine as closely contested. In Alaska, Republican incumbent Dan Sullivan faces former Democratic Rep. Mary Peltola, who proposes eliminating taxes on Social Security benefits; MS NOW rates the race a toss-up. In Iowa, Democrat Josh Turek calls for removing the payroll tax cap, while Republican Ashley Hinson says she will reject any proposed cuts, though a local field office in her district closed for six months.
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| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/30/2026 | 755.71 |
| Change that session | -1.77% |
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