Many senators believe that the divided Congress could end up being the perfect opportunity to deal with Social Security reforms. Social Security reforms have currently become a central point of discussion as House Republicans are adding it into their negotiations regarding raising the debt ceiling.
Sen. Dan Sullivan (R-Alaska) told The Hill that a “wise senator” had previously said that a divided Congress is necessary for these kinds of reforms to established programs. He added that currently, it was very important that they would manage to create a secure retirement system that Americans would be able to use.
Senate Republicans appear to have taken a step back from the debt ceiling negotiations leaving the House Republicans to handle more of the negotiations.
According to the latest reports Sens. Bill Cassidy (R-La.) and Angus King (I-Maine) are collaborating on a bipartisan compromise that could potentially help secure Social Security in the future. The new program is not in any way connected to the debt ceiling negotiations. The new bipartisan collaboration was first announced by Semafor.
It was also later confirmed by the two senators’ offices which added that while the plan was not yet “finalized” the two had been working to create a solution.
Sen. Cynthia Lummis (R-Wyo.) reportedly was also going to be meeting with Cassidy to discuss bipartisan solutions that would help protect the program. As she told the Hill, he currently has a proposal and she is looking forward to learning more about it. She added that she did not know how many other Senators had gotten to see the proposal yet.