WASHINGTON (AP) — Senate Finance Committee Chairman Max Baucus says he doesn't think Congress will address Social Security as part of an effort to reduce government borrowing.
The Montana Democrat said Tuesday that Social Security has not added to the budget deficit, so it should not be included in a deficit reduction package. Baucus is part of a bipartisan group of lawmakers, led by Vice President Joe Biden, who are trying to negotiate such a package.
Baucus said Social Security's finances should be addressed in the next couple of years. But he also said the program is not in a crisis.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
