insolvency

The trust fund that backs Social Security faces insolvency in 2033, at which point the fund would pay out only 77% of scheduled benefits, according to the Social Security and Medicare boards of trustees.

DC London Pie had bought Pizza Hut UK's restaurants from insolvency in January this year.

The trust fund that backs Social Security faces insolvency in 2033, at which point the fund would pay only 77% of scheduled benefits, according to the Social Security and Medicare boards of trustees.

Fallen Austrian property tycoon Rene Benko went on trial on Tuesday over alleged fraud, the first charges in a wide-ranging investigation into the insolvency of his former real estate empire.

The Committee for a Responsible Federal Budget, a nonpartisan, nonprofit organization, says Social Security is racing towards insolvency.