Market News / Story
Senator Bill Cassidy Warns Social Security Benefits Could Be Slashed 28.5% — Proposes $1.5 Trillion Investment Fund That ‘Blossoms Out’ Over 65 to …
Benzinga ·
Benzinga reports: Sen. Bill Cassidy (R-La.) warned that Social Security benefits face a 28.5% cut in six years if Congress does not act before the trust fund becomes insolvent. In a post on X on Tuesday, Cassidy said, “Social Security faces a 28.5% benefit cut in just six years if Congress doesn’t act,” adding that he joined host Janet Alvarez on The Business Briefing to discuss the problem and his proposal to help fund the program “for generations to come.” Social Security faces a 28.5%…