As debate over the future of Social Security heats up once again, Sen. Ron Wyden (D-OR) is sounding the alarm over what many see as a renewed effort to privatize the program — this time, through a provision in the recently passed One Big Beautiful Bill Act.
The controversy began last week after Treasury Secretary Scott Bessent referred to the Trump administration's new so-called Trump Accounts — a new savings program for children — as a "back door for privatizing Social Security."
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