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(Jenny Kane/AP)

As Social Security benefit cuts loom, Congress wades into the crisis

 What to know

Congress is addressing a looming Social Security shortfall that could cut benefits by 22% in 2032. A Senate hearing debated forming a bipartisan commission to tackle the issue, but AARP's Nancy LeaMond urged direct action. Democrats favor lifting the payroll tax cap, while Republicans suggest raising the retirement age. Experts say a solution will require both benefit moderation and tax increases.

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