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,

Treasury Secretary Scott Bessent on Friday asserted that the U.S. has entered the “golden age of crypto” under the leadership of President Donald Trump. Bessent called on the crypto community to start companies,