Frank Bisignano's Stance on Social Security Privatization

Frank Bisignano, Trump's pick for the Social Security Administration, stated at his Senate confirmation hearing that he has not considered or discussed privatizing the agency. Concerns over potential cuts, influenced by advocacy from tech billionaire Elon Musk, worry employees and retirees relying on benefits.

During a Senate confirmation hearing, Frank Bisignano, President Donald Trump's nominee for the Social Security Administration, stated he has not entertained the idea of privatizing the agency.

Republicans have previously suggested privatization, sparking fears among retirees and disabled individuals who depend on benefits. Concurrently, the agency faces operational changes as part of President Trump's administration's effort to reduce federal costs.

Significant budget cuts proposed by Elon Musk and his Department of Government Efficiency have alarmed Social Security staff and advocates, who worry about potential impacts on benefit delivery.

(With inputs from agencies.)