Treasury Releases Social Security and Medicare Trustees Reports

WASHINGTON – Following a meeting of the Social Security and Medicare Boards of Trustees, the U.S. Department of the Treasury—joined by Departments of Health and Human Services and Labor, the Centers for Medicare & Medicaid Services, and the Social Security Administration—released the annual Social Security and Medicare Trustees Reports.“Social Security and Medicare are vital programs, providing security to retirees and their families,” Secretary of the Treasury Janet L. Yellen said. “Seniors spent a lifetime working to earn the benefits they receive, and the Biden-Harris Administration will continue to oppose cuts to either program. We are committed to steps that would protect and strengthen these programs that Americans rely on for a secure retirement.”“The Biden-Harris administration has promised to build an economy from the middle out and the bottom up—that includes ensuring that workers and their families can count on the Social Security and Medicare benefits they have earned throughout their lives,” said Acting Secretary of Labor Julie Su.