WASHINGTON, July 16 -- Sen. Dick Durbin issued the following press release:
WASHINGTON - U.S. Senate Democratic Whip Dick Durbin (D-IL) and U.S. Senators Bill Cassidy, M.D. (R-LA), Tim Kaine (D-VA), Thom Tillis (R-NC), Angus King (I-ME), John Cornyn (R-TX), Chris Coons (D-DE), and Alan Armstrong (R-OK) today introduced a bipartisan proposal to initiate Congressional action on Social Security. The Protecting Retirement Opportunities and Maintaining Income Security for Everyone (PROMISE) Act follows the release of the Social Security Board of Trustees' annual report, which found that the Social Security Trust Fund will only be able to cover 78 percent of benefits in 2032-meaning that Americans who rely on the program will have their benefits...