Biden chooses former Maryland Gov. Martin O’Malley to lead the Social Security Administration
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $205*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 26/07/2023 (1167 days ago), so information in it may no longer be current.
WASHINGTON (AP) — President Joe Biden on Wednesday nominated former Maryland Gov. Martin O’Malley to lead the Social Security Administration.
If confirmed, O’Malley would run one of the biggest social programs in the nation and grapple with the surrounding uncertainty over its funding. Roughly 70 million people — including retirees, disabled people and children — receive Social Security benefits.
“Governor O’Malley is a lifelong public servant who has spent his career making government more accessible and transparent, while keeping the American people at the heart of his work,” Biden said in a statement. “As Governor, he made government work more effectively across his administration and enhanced the way millions of people accessed critical services.”
O’Malley served as Maryland’s governor from 2007 to 2015 and was Baltimore mayor for two terms. He also ran as a Democratic presidential candidate in 2016 but has ruled out running in the future.
The annual Social Security and Medicare trustees report released in March says the program’s trust fund will be unable to pay full benefits in about 10 years.
If the fund is depleted, the government will be able to pay only 80% of scheduled benefits, the report said.
Nancy Altman, president of Social Security Works, said her organization “applauds the nomination of Governor O’Malley, a longtime Social Security champion.”
“Like President Biden, O’Malley supports expanding Social Security’s modest benefits, not cutting them.”
Last October, the agency announced that Social Security recipients would get an 8.7% boost in their benefits in 2023, a historic increase prompted by record-high inflation.
Social Security is financed by payroll taxes collected from workers and their employers. The maximum amount of earnings subject to Social Security payroll taxes for 2023 is $160,200, up from $147,000 in 2022.