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,

Treasury Secretary Scott Bessent said that the Trump administration was committted to protecting Social Security hours after he described a children's savings program in President Trump's recent tax package as a “back door for privatizing Social Security.

U.S. Treasury Secretary Scott Bessent on Wednesday likened new savings accounts in a bill President Donald Trump this month signed into law to "a backdoor for privatizing Social Security," speaking at an event sponsored by Breitbart.