Reform of Social Security and other government-funded entitlement programs is off the table in the Trump administration, at least for the time being.
In the days leading up to President Trump's first address to a joint session of Congress, Steve Mnuchin, the president's Secretary of Treasury, has been sending strong signals that reforming Social Security, which the Congressional Budget Office says will be insolvent by 2029 and require a nearly 30-percent across the board cut in benefit payments, is not an immediate priority for Trump.
"We are not touching those now," Mnuchin said of Social Security and Medicare, in a weekend interview the Fox Business Channel.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
