U.S. Lawmakers Discuss Social Security, Have No Plan to Prevent Insolvency
Lawmakers pressed Commissioner Frank Bisignano but offered few fixes as trustees warned the retirement trust fund could trigger a 22% benefit cut.
- On Wednesday, a U.S. House subcommittee questioned Social Security Commissioner Frank Bisignano about the program's future, one day after trustees warned the retirement trust fund will go insolvent by 2032.
- Insolvency will automatically trigger a benefit cut of 22% or more, impacting more than 60 million retirees; the program's financial strain worsened following the 2025 One Big, Beautiful Bill Act, which accelerated the insolvency timeline.
- Rep. Jason Smith criticized lawmakers' inaction, noting that barely touched on solutions during the two-hour Wednesday hearing despite Congress avoiding politically unpopular reforms that might delay insolvency.
- Bisignano offered no specific suggestions to delay insolvency, telling lawmakers his role is to provide options. Myechia Minter-Jordan, CEO of AARP, warned, "This should be a wake-up call: Congress needs to act."
- If Congress fails to implement reforms, seniors could face an average monthly benefit cut of $500 in 2032. CRFB President Maya MacGuineas noted that insolvency is "no longer the future crisis Washington has been ignoring.
58 Articles
58 Articles
Senate dealmakers quietly launch new Social Security effort
Four senators are calling for prompt action in response to the release of a devastating new report about the future (or lack thereof) of Social Security. Published by the Trump administration, the report revealed that Social Security will only be fully solvent until 2032. “The Old-Age and Survivors Insurance (OASI) Trust Fund will be able to pay 100 percent of total scheduled benefits until the fourth quarter of 2032, one quarter earlier than pr…
Horsford hammers Social Security Commissioner on wretchedly long wait times
Democrats on congressional panels who heard from Social Security Commissioner Frank Bisignano on June 10, 2026, were skeptical that he was giving a full picture of the delays that some Americans face when trying to apply for benefits or ask about an issue they’re having with the program. (Getty Images)WASHINGTON — The head of the Social Security Administration testified before Congress on Wednesday that customer service has drastically improved …
Bisignano champions Trump's SSA amid insolvency warnings
Social Security Administration Commissioner Frank Bisignano stood up for his agency in his congressional testimony on Wednesday, touting lower call wait times and greater efficiency as he said the SSA is having its “best all-around performance ever” under the Trump administration. The SSA chief’s testimony came just one day after the Social Security board of trustees released its annual trust fund assessment, essentially a fiscal report card for…
InsideNoVA.com
![[your]NEWS](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2Ffb6dc495f74049f513563c33352175eaa0ecd509.jpg%3Fwidth%3D24&w=64&q=75){kind=small}
U.S. lawmakers discuss Social Security, have no plan to prevent insolvency
(The Center Square) – One day after federal trustees warned Congress that Social Security’s retirement trust fund will go insolvent by 2032, a U.S. House subcommittee met to question Social Security Commissioner Frank Bisignano about the program’s future.
Coverage Details
Bias Distribution
- 49% of the sources lean Right
![[your]NEWS](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2Ffb6dc495f74049f513563c33352175eaa0ecd509.jpg%3Fwidth%3D60&w=128&q=75)
Factuality
To view factuality data please Upgrade to Premium
