The US is one of a handful of countries without national rules for paid time off if you get sick.

I'm David Brancatia. First a new report this week finds Social Security and Medicare will start running out of money in a little

over a decade according to a new report.

It actually is a slight improvement from the last accounting of this, but the report says

Congress still needs to act to shore up the programs if it's

to keep paying out what they owe. Here's Marketplace's Nancy Marshall Genser.

The annual Social Security and Medicare Trustees reports say the Social Security Trust Fund will run out in 2033.

At that point, Social Security would only be able to pay out 79% of benefits.

There's better news on the Trust Fund for Social Security disability benefits.

The report says it'll be solvent until at least 2098. Medicare's Hospital Insurance Trust Fund

is now expected to last until 2036, five years longer than expected. This is the part of Medicare that pays for hospital

bills. The report says though in 2036 it'll just be able to pay out 89% of

benefits. Congress could raise the retirement age or hike taxes to fix the

shortfalls, but the report says lawmakers should take action sooner rather than

later so, quote, the public has adequate time to prepare. I'm Nancy Marshall

Genser for Marketplace. We'll get results from the online forum Reddit after markets

closed today. It's the company's first quarterly profit loss and sales report.

Since its stock market debut back in March, the launch of Reddit stock came over a decade after

other earlier social media offerings like Facebook, Instagram, and Twitter now X moved public.

Marketplace's Savannah Mar has more.

Reddit has been around since 2005, when most social media companies shared the same business model.

We'll raise all the venture capital we can get our hands on and we'll spend it like water.

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