Frustrations rose on the Senate Finance Committee as Sen. Bill Cassidy (R-La.) questioned Treasury Secretary Janet Yellen about President Joe Biden’s intention concerning Social Security, which is projected to become insolvent in nine years.
During the March 16 hearing, Cassidy zeroed in on the apparent lack of consideration for the ailing retirement program in the president’s 2024 budget proposal. He also vented frustration over repeated unsuccessful attempts to schedule bipartisan meetings with Biden to discuss the matter.
“Is the president aware that when Social [Security] goes broke in nine years, under current law, there’s a 24 percent cut in benefits for people who are currently receiving?” Cassidy said….