#funding-gap

#funding-gap

Bisignano added that younger generations are likely to face a different set of rules than current retirees. The Congressional Budget Office (CBO) projects that the population paying into and drawing from Social Security will rise from 342 million in 2024 to 383 million in 2054. With fertility rates low, the CBO expects immigration to account for all population growth after 2040. But Bisignano said raising the retirement age is not the only option.

Many newly qualified doctors are taking part-time jobs to cope with debts, often driving Ubers or working in bars to supplement their income. This cycle of financial strain is particularly affecting students from lower-income backgrounds, highlighting a significant funding gap in medical education.

VTA officials unanimously decided to part ways with Kiewit Shea Traylor due to an inability to agree on pricing for the second phase of the BART project. They believe this decision will not affect the project schedule, despite the challenges ahead such as a $700 million to $1.2 billion funding gap. The project aims to enhance public transit in the region by extending the BART line.