The Treasury Secretary has described new savings account for young Americans as a "backdoor for privatizing Social Security."

Treasury Secretary Scott Bessent is facing heavy backlash from Democrats over a Wednesday remark in which he talked about “a backdoor for privatizing Social Security.” “In a way, it is a backdoor for privatizing Social Security,

The Treasury secretary has a really strange way of convincing people it’s “ridiculous” to think the program is under threat.