Bipartisan Social Security reform talks derailed by accusations of lies.

1 min read
Source: Reuters
Bipartisan Social Security reform talks derailed by accusations of lies.
Photo: Reuters
TL;DR Summary

Behind-the-scenes talks between the White House and lawmakers on Social Security reform have been ongoing for months, but were overshadowed by a Republican senator's accusation that Treasury Secretary Janet Yellen had lied during a Senate Finance Committee hearing. Senators Bill Cassidy and Angus King are leading a bipartisan effort to address Social Security underfunding, including the creation of a second trust fund that would allow money to be invested in the stock market. Democrats in Congress are also devising a rescue plan, with Representative John Larson set to unveil a bill that would increase benefits across-the-board.

Share this article

Reading Insights

Total Reads

0

Unique Readers

9

Time Saved

3 min

vs 4 min read

Condensed

84%

61796 words

Want the full story? Read the original article

Read on Reuters