According to Bloomberg, the Trump administration is threatening to shut down the Social Security Administration effectively. The move follows a judge's restraining order barring access by members of Elon Musk’s Department of Government Efficiency. It could delay payments to millions of Americans who rely on Social Security benefits. U.S. District Judge Ellen Hollander ruled that DOGE’s access violated privacy laws and ordered all SSA data purged from its possession. DOGE staff were removed from the agency immediately after the ruling.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02The Trump administration is threatening to effectively shut down the Social Security
00:06Administration according to Bloomberg. The move follows a judge restraining order barring access
00:12by members of Elon Musk's Department of Government Efficiency and could delay payments to millions of
00:17Americans who rely on Social Security benefits. U.S. District Judge Ellen Hollander ruled that
00:23DOJ's access violated privacy laws and ordered all SSA data purged from its possession. DOJ
00:29staff were removed from the agency immediately after the ruling. For all things money visit
00:33Benzinga.com slash GSTV.