President Trump’s nominee to head the SSA is likely to face tough questioning from Democrats in a Senate hearing on Tuesday.
During his Senate confirmation hearing Tuesday, Frank Bisignano, President Trump’s nominee to run the Social Security Administration (SSA), is likely to face a barrage of questions about where he stands on the future of a government agency that provides retirement, disability and other benefits to more than 70 million Americans.
Like other federal agencies, the SSA has been targeted for major job cuts by Elon Musk’s Department of Government Efficiency, a reduction in force that former agency officials and other experts warn could greatly hinder the delivery of services to Social Security recipients.
In February, the SSA announced it would slash 7,000 of its 57,000 workers. Former SSA Commissioner Martin O’Malley, who led the agency under the Biden administration from December 2023 to November 2024, expects the actual number to be closer to 10,000 workers. Who is Frank Bisignano?
Even before his inauguration in January, Mr. Trump announced the nomination of Bisignano, CEO of financial technology company Fiserv, calling him a business leader « with a tremendous track record of transforming large corporations. » In a social media post, Mr. Trump highlighted Bisignano’s « long career leading financial services institutions through great transformation. »
Bisignano has served as Fiserv’s chief executive since July 2020, and the company has seen strong growth during his tenure. Fiserv’s stock price, which was around $100 when Bisignano took the helm, has more than doubled since then. The company reported revenue of $20.5 billion for the year ended Dec. 31 2024, up from roughly $15 billion in 2020.
Previously, Bisignano led Fiserv’s 2019 merger with First Data Corp.
