President-elect Donald Trump has nominated Frank Bisignano, CEO of Fiserv, to lead the Social Security Administration. Bisignano’s experience as a business leader and his track record in transforming large corporations make him a suitable candidate for the role.
Bisignano previously held executive positions at major banks such as JP Morgan Chase and Citigroup before joining Fiserv. If confirmed by the Senate, he will face the challenge of protecting the Social Security program’s future, which could be depleted by 2035 according to a government report.
Trump promised not to cut Social Security benefits during his campaign, but did not provide a specific policy proposal for ensuring the program’s solvency. Bisignano’s nomination comes as the administration faces pressure to address the program’s long-term funding issues.
Source: https://eu.usatoday.com/story/news/politics/elections/2024/12/05/trump-frank-bisignano-social-security/76793052007