WASHINGTON, Aug. 5 -- Sen. Chuck Grassley issued the following news release:
WASHINGTON - Sen. Chuck Grassley (R-Iowa), a senior member and former chairman of the Senate Finance Committee, questioned witnesses about the need for bipartisan cooperation to address Social Security's long-term solvency.
During a floor speech last week, Grassley noted retirees will see a 22% cut in benefits around late 2032 unless Congress takes action.
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On bipartisan cooperation and commissions:
For any Social Security reform proposal to succeed, it will require the support of at least 60 senators. So, that means both parties working together to find a solution.
Outside of the 1983 commission, are there examples of a commission or other special proce...