Topic · 6 reports

Social Security

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Rep. Jason Smith Urges Congress to Address Social Security Solvency

Jun 27, 2026

The segment is from a June 25, 2025 joint subcommittee hearing of the House Ways and Means Committee featuring Chairman Jason Smith and Social Security Commissioner Frank J. Bisignano. Smith calls on Congress to address impending insolvency, notes the 1983 last major benefit change and the 2025 WEP/GPO repeal, and questions the Commissioner on service access, disability employment barriers, and identity theft/fraud response. The Commissioner details expanded phone/web options, reduced wait times, increased web usage, advocacy for employment networks, and dedicated identity theft resources.

▶ Source: Forbes Breaking News

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Sanders Calls to Lift Social Security Tax Cap Above $184,500

Jun 27, 2026

Forbes Breaking News clip shows Sen. Bernie Sanders (I-VT) testifying at a hearing on the Social Security Trust Fund crisis. He places the issue in context of rising income inequality, notes struggles of seniors including over 20% living on $15,000 annually, and highlights that nearly half of older workers have no retirement savings. Average benefit cited as $1,934 monthly. Sanders rejects cuts or higher retirement age and instead endorses his legislation to apply the payroll tax on all income above $250,000, including capital gains and dividends, affecting only the top 9% of households. He also supports better COLA via CPI-E. References a recent New York Times op-ed co-signed by Sen. Elizabeth Warren and Sen. Bernie Moreno (R-OH).

▶ Source: Forbes Breaking News

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Lawmaker Blames Trump Policies for Worsened Social Security Outlook

Jun 21, 2026

The clip shows Rep. John Larson (D-CT), ranking member, delivering an opening statement before the House Ways and Means Committee. He highlights 5 million beneficiaries below poverty, lack of benefit enhancements since 1971, staff reductions at SSA, taxation of benefits, and the 2026 Trustees Report. Larson attributes deterioration in the financial outlook to Trump policies including the One Big Beautiful Bill Act and tariffs, plus alleged privatization efforts and deportations of contributors.

▶ Source: Forbes Breaking News

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Social Security Commissioner Details Service Gains Since May 2025

Jun 20, 2026

Forbes Breaking News aired testimony from Social Security Commissioner Frank Bisignano (transcript spelling: Fisignano) before House subcommittees. He described SSA improvements across field offices, phone service, and online channels since his May 2025 arrival, contrasting them with prior conditions and highlighting productivity gains and fraud controls. The segment consists of the commissioner's prepared opening statement with no additional narration or guests. Sourcing is the commissioner's testimony citing internal metrics; official SSA dashboards and press releases corroborate many figures.

▶ Source: Forbes Breaking News

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Social Security OASI trust fund depletion now projected for late 2032

Jun 19, 2026

NewsNation segment reports on the latest Social Security Trustees Report warning that the Old-Age and Survivors Insurance (OASI) retirement trust fund is now projected to deplete in the fourth quarter of 2032, one quarter earlier than prior estimates. Correspondent notes rising anxiety among Florida retirees and the potential for automatic 22% benefit cuts absent congressional action. It references the Committee for a Responsible Federal Budget analysis and quotes Trump administration commitments alongside Republican leaders Mike Johnson and Josh Hawley on reform. A former Social Security administrator advocates raising the payroll tax cap on higher earners.

▶ Source: NewsNation

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Social Security reform push: Insolvency in 2032, GOP divisions ahead of midterms

Jun 15, 2026

The segment features The Hill's Alexander Bolton discussing House Speaker Mike Johnson's call for Republicans to address entitlement spending including Social Security, Medicare, and Medicaid if they retain the majority. It covers the program's projected 2032 insolvency, $40 trillion national debt, interest costs, and political risks ahead of midterms. Bolton cites Republican divisions, historical precedent from Bush's 2005 privatization effort, and input from senators like Hawley, Sanders, Kaine, Durbin, and Curtis on possible fixes such as raising the retirement age, lifting the payroll tax cap, means-testing, or expanding private accounts.

▶ Source: The Hill