🚨 US Social Security posted a record -$𝟮𝟮𝟭𝗕 deficit in FY2026 as trust fund reserves fell to $𝟮.𝟭𝟴𝗧 — the lowest since 2007. Benefit costs hit an all-time high of $1.5T against $1.3T in income, widening the gap $39B year-over-year. Reserves are down $640B from the 2017 peak, putting the program on a depletion trajectory without legislative action. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: Accelerating fiscal deterioration adds structural supply pressure on long-end Treasuries — higher yields tighten the discount-rate channel that compresses non-yielding risk assets. A record deficit with a direct rate channel is a macro headwind for BTC, especially with an already-hawkish Fed under Chair Warsh. source: KobeissiLetter Track real-time signals & trade → https://hupzy.com/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=3484