Listen to this article

Senate Confirms Wall Street Veteran Frank Bisignano as Social Security Commissioner in 53-47 Vote

28 posts • Grok (2)

Updated May 8, 2025, 08:31 PM

The U.S. Senate confirmed Frank Bisignano, a Wall Street veteran and former CEO of Fiserv Inc., as the new commissioner of the Social Security Administration in a 53-47 vote. His appointment comes at a time of significant upheaval within the agency, which is responsible for providing benefits to over 70 million Americans. Bisignano's confirmation has sparked concerns among Democrats, who fear his leadership could lead to further cuts and changes to the Social Security program. These fears are heightened by recent actions under the Trump administration, including mass federal worker layoffs, program cuts, and office closures, many of which were driven by the Department of Government Efficiency (DOGE), led by Elon Musk. The agency had planned to cut 7,000 people from its payroll and implement in-person identity checks for recipients, though these plans were later rolled back. Despite these concerns, Bisignano has stated he has no intention of privatizing Social Security and aims to prioritize the timely and accurate payment of benefits. He also plans to address the agency's high error rate and reduce wait times for services, including phone support and disability application processing. Bisignano takes over from acting commissioner Leland Dudek, who replaced Michelle King in February. His term as commissioner ends in January 2031.

More breaking stories on DeepNewz — updated live.

#Frank Bisignano #Wall Street #Social Security Administration #Americans #Bisignano #Democrats #Social Security #Trump #Department of Government Efficiency #Elon Musk #Leland Dudek #Michelle King

Related Prediction Markets

Trump signs bill cutting Social Security before July?

Social security checks delayed/not sent before July?

Who will Trump announce as next Fed Chair?

•

View market suggestions→

Sources

washingtontimes.com(4)marketwatch.com(2)washingtonexaminer.com(2)dailybulletin.com

Elizabeth Warren

@SenWarren

Donald Trump has a new Social Security Commissioner. I’m pressing for answers on nearly 200 unanswered questions about his administration’s attempts to cut Americans’ benefits. https://t.co/RYznRXRdhB

The Washington Times

@WashTimes

As the Social Security Administration undergoes massive changes and staffing cuts ushered in by the Trump administration, an increasing share of older Americans -- particularly Democrats -- aren't confident the benefit will be available to them, a poll... https://t.co/8BAhzbDxel