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

Treasury Secretary Scott Bessent said Wednesday that the Trump administration was committed to protecting Social Security ...

Donald Trump’s Treasury Secretary Scott Bessent just said the quiet part out loud: The administration is scheming to ...

The accounts, known as ‘Trump accounts,’ were set up in the GOP’s new tax and spending law, the One Big Beautiful Bill Act.

A Social Security spokesperson later said that the use of a security authentication PIN (SAP) is “entirely optional” and it would amend its regulatory filing to reflect that.

Withholding occurs when the SSA retains part of a monthly benefit payment until the overpayment debt is fully repaid.