Senators Joe Manchin, Ted Cruz, John Hoeven and Bill Cassidy are seen during a Senate vote in the U.S. Capitol on September 22, 2021.The Biden White House made clear on Monday that it opposes the creation of commissions to devise changes — and possible cuts — to Social Security and other U.S. trust funds, rejecting an idea embraced by Republicans and Democratic Sen. Joe Manchin amid a dangerous standoff over the nation’s debt ceiling.
The commissions in question are central to legislation known as the TRUST Act, which Sens. Mitt Romney , Kyrsten Sinema , Manchin , and other lawmakers in 2021 and have frequently touted as a potential path to a bipartisan compromise on Social Security and Medicare.Obama-era Bowles-Simpson initiative — are an attempt to fast-track cuts to Social Security and Medicare. Under the TRUST Act, bipartisan panels of lawmakers would be established with a mandate to craft “legislation that restores solvency and otherwise improves” the programs — a vague and highly subjective standard.
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