Social Security Overpayment Crackdown

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entire monthly Social Security payment

Newsweek

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US Politics

Social Security Announces Major Clampdown to Save $7 Billion

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76% Informative

The Social Security Administration announced on Friday that it would begin withholding 100 percent of Social Security benefits from overpaid beneficiaries.

The move comes amid an effort by the Trump administration to drastically reduce federal spending.

The Republican -controlled House recently approved a budget blueprint that proposes at least $1.5 trillion in cuts.

If Congress does not make adjustments to improve its finances, such as increasing revenue or reducing spending, Social Security may have to reduce benefits in about 10 years to ensure the program does not run out of money. Related Articles Start your unlimited Newsweek trial.

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semi-formal

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English

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not offensive

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not hateful