Treasury Secretary Janet Yellen has admitted that President Biden "doesn’t have a plan" – only "principles" – when it comes to preventing Social Security from going insolvent around a decade from now. Yellen made the remark Thursday during a Senate Finance Committee Hearing in Washington on Biden’s fiscal year 2025 budget.
"He wants to work with Congress to find a way to protect Social Security and extended its solvency beyond 2034," she added. Yellen, when asked by Cassidy how Biden could "justify not having a plan" for Social Security "when he's been in office for three years already," said the president "believes it's important to work with Congress.
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