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📷 Sen. Amy Klobuchar, D-Minnesota, left, Sen. Roy Blunt, R-Missouri, the ranking member, U.S. Capitol Police Chief J. Thomas Manger, and Sen. Angus King, I-Maine, meet ahead of a committee hearing on Capitol Hill in Washington on Dec. 19, 2022. (AP photo by Matt Rourke) |
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👛 A Maine senator negotiates an eye-catching Social Security proposal.
◉ Sens. Angus King, I-Maine, and Bill Cassidy, R-Louisiana, are putting together a Social Security reform proposal that could invest borrowed government money in stocks to help ensure the system's solvency, the news outlet Semafor reported Friday.
◉ Social Security is fully funded through 2034 and is set to pay out roughly three-quarters of benefits after that. Spokespeople for King and Cassidy told Semafor that the plan would not touch that fund, with another source saying any new sovereign wealth fund would be in addition to the current fund.
◉ The two senators have negotiated together before as part of a broad coalition passing the recent bipartisan gun and infrastructure bills. Their proposal indicates some willingness in Congress to fix long-term problems in major government programs, but it could still face opposition from those who see risk or a major government intervention into private industry.
💰 The other senator is part of a milestone for women in Congress.
◉ Sen. Susan Collins, R-Maine, is one of four women who will hold the top posts on the Senate and House appropriations panels for the first time ever, NBC News noted. It comes 50 years after two women chaired their first congressional committee — on the Capitol beauty salon.
◉ Each of the lawmakers — Collins and Sen. Patty Murray, D-Washington, plus Reps. Kay Granger, R-Texas, and Rosa DeLauro, D-Connecticut, got to Congress in the 1990s. They will now control $1.7 trillion in annual spending affecting every facet of government. |
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What we're reading 🕵️ The ACLU called for a federal probe into Penobscot County for setting aside federal COVID-19 relief money for a jail expansion.
💸 Here's why Mainers should care about the threat of a federal default.
🌐 Everyone in this small Maine town will get high-speed internet this year.
📱 Maine state employees were ordered to remove TikTok from official phones.
🔴 Bangor school staff can now call police by pressing a button. |
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