After a flurry of activity this spring, bipartisan talks on Capitol Hill to stave off a looming insolvency for Social Security are officially on ice — likely until after the 2024 election.
In an interview this week before Congress left for summer recess, Sen. Bill Cassidy (R-La.) didn’t mince words. “I have no optimism whatsoever,” he said of the chances of action this year.
Cassidy has been a leader on the Republican side of those talks and, before they stalled, Cassidy and Sen. Angus King (I-Maine) had enlisted a group of 14 senators from both sides of the aisle to explore solutions like adjusting the retirement age. The talks stalled and never produced a detailed plan.
But even as the push to stave off insolvency moves to the back burner, there is some optimism that Congress might move on two smaller Social Security efforts — one around education for retirees and another around public sector workers — in the months ahead.
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