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Sec. Yellin: Social Security Underfunding Missing Concrete Plan

Treasury Secretary Janet Yellen, in a recent Senate Finance Committee hearing and in response to questions concerning the Whitehouse FY 2025 budget, acknowledged that no specific steps have been outlined by the current administration to ward off the impending benefit cuts facing millions of Social Security beneficiaries. Instead, Sec. Yellin reiterated President Biden’s intent to work with Congress to develop detailed plans, noting that the President’s approach is to focus on principles rather than specifics. An article posted by NewsMaxMoney today recaps exchange of questions and comments between Sec. Yellin and Sen. Bill Cassidy (R-LA); check it out here.

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