Wall Street Fixer Bisignano Eyes Worst Mess Yet: Social Security [Yahoo! Finance Canada]
Citigroup, Inc. (C)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg President-elect Donald Trump nominated Bisignano to lead the Social Security Administration, an almost 60,000-person government agency that provides benefits to roughly 71.6 million Americans. For years, management of the program has been a political football and subject of hot debate due to its cloudy future. Estimates have emerged that benefit cuts will be necessary as early as 2033, the result of a projected shortfall between the taxes that fund the program and the amount needed to pay full benefits. “I have no objective to cut the benefit of any American, I'm going to fix it by doing other things,” Bisignano said on a call with Wall Street analysts following Trump's nomination, without giving details on his plans. “I hope you guys root for me to do that in the way that I did other turnarounds.” While he's spent a long career in finance, Bisignano has some government in his background. His father worked a government job in Brooklyn, New York, and Bis
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Earnings
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Sec Filings
- 12/20/24 - Form 424B2
- 12/20/24 - Form 424B2
- 12/20/24 - Form FWP
- C's page on the SEC website