Finance Daily News
  • Business
  • Economics
  • Markets
  • Tech
  • Retirement
No Result
View All Result
  • Business
  • Economics
  • Markets
  • Tech
  • Retirement
No Result
View All Result
Finance Daily News
No Result
View All Result
Home Business

Social Security privatization? Senators quiz Trump’s agency nominee.

Orlando Newkirk by Orlando Newkirk
March 26, 2025
in Business, Economics, Retirement
Social Security

Frank Bisignano, Trump’s nominee for Social Security commissioner, must answer Democratic senators about protecting the $1.6 trillion program that serves 70 million Americans from privatization. Sens. Elizabeth Warren (D-Mass.) and Ron Wyden (D-Ore.) requested through a March 23 letter that Bisignano assure them he would prevent any privatization of Social Security components because of changes at the SSA under Elon Musk’s Department of Government Efficiency (DOGE). The agency has implemented job reductions and phone service reductions and office closures which have raised concerns among the senators.

The senators requested Bisignano to guarantee complete public ownership of all Social Security components while asking him to reverse agency shifts that they believe negatively affect senior citizens and disabled people. The senators believe the Trump administration through DOGE intentionally works to dismantle the Social Security Administration (SSA) because they suspect the goal is to establish private management of the program. The senators pointed out that Republicans have pursued privatization for decades while revealing how Musk now leads the privatization effort. The senators explained that Musk and his private-equity firm allies at the agency have spread false information about deceased beneficiaries while he describes Social Security as a “Ponzi scheme.” The letter expressed fear that SSA leaders together with Musk could benefit from the program’s destruction since DOGE’s actions might signal the start of privatization.

Tags: FundsRetirementTrump
Previous Post

Apple is reportedly preparing to avoid an EU fine related to browser options, according to sources.

Next Post

How solid is your 401(k)? New tools could boost savings, spending.

Related Posts

BlockDAG's X1 & X10 Demo Shines as XRP & AVAX Gain Momentum
Business

BlockDAG’s X1 & X10 Demo Shines as XRP & AVAX Gain Momentum

Ethereum Hits Record $4,880 After 15% Intraday Rally
Business

Ethereum Hits Record $4,880 After 15% Intraday Rally

Bitcoin Price Stumbles to $112,301 Ahead of Powell's Jackson Hole Speech
Business

Bitcoin Price Stumbles to $112,301 Ahead of Powell’s Jackson Hole Speech

Impersonator Posing as UK Enforcement Officer Scams Victim of €2.1M in Bitcoin
Business

Impersonator Posing as UK Enforcement Officer Scams Victim of €2.1M in Bitcoin

Intel Core logo displayed on a blue background with illuminated effects.
Business

Trump Administration Weighs 10% Government Stake in Intel

MSNBC to Rebrand as MS NOW Ahead of Comcast Spinoff
Business

MSNBC to Rebrand as MS NOW Ahead of Comcast Spinoff

Next Post
good 401(k)?

How solid is your 401(k)? New tools could boost savings, spending.

POPULAR NEWS

  • Newsweek Magazine

    Satoshi Nakamoto, BlackRock, and TechBerry — a new investigation by Newsweek

    0 shares
    Share 0 Tweet 0
  • The Democratization Of Wall Street: AI Trading For All

    0 shares
    Share 0 Tweet 0
  • Peter Navarro crafts Trump’s tariff strategy, but Elon Musk isn’t sold.

    0 shares
    Share 0 Tweet 0
  • Affordable, stress-free travel: why the 2025 Honda Civic shines.

    0 shares
    Share 0 Tweet 0
  • Ripple CEO announces that the SEC has abandoned its appeal in the lawsuit against the cryptocurrency firm.

    0 shares
    Share 0 Tweet 0
JKreativ WordPress theme
  • Trending
  • Comments
  • Latest
Newsweek Magazine

Satoshi Nakamoto, BlackRock, and TechBerry — a new investigation by Newsweek

The Democratization Of Wall Street. AI Trading For All.

The Democratization Of Wall Street: AI Trading For All

Navarro

Peter Navarro crafts Trump’s tariff strategy, but Elon Musk isn’t sold.

The Honda Civic proves compact cars

Affordable, stress-free travel: why the 2025 Honda Civic shines.

A man with long hair in a suit holding a microphone with a Netflix sign in the background.

Director ‘blew $11 million on Netflix series for fancy cars, hotels’

Ripple CEO announces that the SEC has abandoned its appeal in the lawsuit against the cryptocurrency firm.

Ripple CEO announces that the SEC has abandoned its appeal in the lawsuit against the cryptocurrency firm.

Mining

Could AI Agents Take Over Blockchain Mining?

Bitcoin market

Bitcoin’s Bullish Form Returns – Huge Uptrend Near?

BlockDAG's X1 & X10 Demo Shines as XRP & AVAX Gain Momentum

BlockDAG’s X1 & X10 Demo Shines as XRP & AVAX Gain Momentum

Ethereum Hits Record $4,880 After 15% Intraday Rally

Ethereum Hits Record $4,880 After 15% Intraday Rally

Bitcoin Price Stumbles to $112,301 Ahead of Powell's Jackson Hole Speech

Bitcoin Price Stumbles to $112,301 Ahead of Powell’s Jackson Hole Speech

Impersonator Posing as UK Enforcement Officer Scams Victim of €2.1M in Bitcoin

Impersonator Posing as UK Enforcement Officer Scams Victim of €2.1M in Bitcoin

  • Privacy Policy
  • Terms
  • About us
  • Contacts

© 2025 Finance Daily News | FD News

No Result
View All Result
  • Business
  • Economics
  • Markets
  • Tech

© 2025 Finance Daily News | FD News