Trump Nominates Bisignano as SSA Commissioner

President-elect Donald Trump has nominated Frank Bisignano, CEO of Fiserv, to serve as the commissioner of the Social Security Administration (SSA). Bisignano, who has a history of transforming large corporations, will face significant challenges, including addressing the potential depletion of SSA trust funds by 2034, which could affect benefits for around 70 million Americans. Previously, Bisignano held leadership roles at JPMorgan Chase, Citigroup, and led First Data Corp through a successful IPO. His nomination is part of Trump's broader strategy, which includes plans to eliminate taxes on Social Security, a move that might accelerate trust fund insolvency. Bisignano has been a notable GOP donor, supporting various political figures and contributing to Trump's campaign. The SSA, with over 1,200 field offices and nearly 60,000 employees, is the nation's largest federal program, distributing retirement, survivor, and disability benefits.