Converting Social Security into millions of individual investment accounts would end the program as we know it.

Treasury Secretary Scott Bessent is trying to walk back comments that Trump savings accounts for newborns could be a ...

“In a way, it is a backdoor for privatizing Social Security,” Bessent said at a Breitbart event in Washington, Politico ...

Bessent was more right the first time, only I would suggest tackling Social Security head on. If done right, private ...

AARP says Social Security has a critical mission for retirees. The AARP argued that Social Security should not be viewed as ...

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Treasury Secretary Scott Bessent's recent comments about using Trump Accounts as a backdoor for privatizing Social Security ...

Treasury Secretary Scott Bessent has been criticized by Democrats after he said the new Trump newborn accounts are a "backdoor way to privatize Social Security." ...

Treasury Secretary Scott Bessent said Wednesday that President Donald Trump's new children's savings program "is a back door for privatizing Social Security," a remark at a Breitbart News forum that ...

The pushback was so fierce that Bessent backpeddled immediately, both on cable news and social media. The Trump Accounts, he told CNBC, would be a “supplement to Social Security ...

Treasury Secretary Scott Bessent said Wednesday that the Trump administration was committed to protecting Social Security hours after he said in an interview that a new children’s savings program ...

Cue the inevitable cleanup. Both Bessent and White House press spokeswoman Karoline Leavitt quickly said that these accounts would be a "supplement" to Social Security, not a replacement for it.