# Social Security Chief Bisignano Says 'Eliminating Fraud, Waste and Abuse' Is the 'First Solution' to the Program's Funding Problem

The commissioner says the agency has reviewed 100 percent of its records and corrected about 15 percent. He did not offer a plan to close the long-term gap, which would take action from Congress.

- Section: [Economy](https://rightnewsrightnow.com/economy/)
- Published: 2026-10-28
- By: RightNewsRightNow Staff
- Canonical page: https://rightnewsrightnow.com/articles/social-security-chief-bisignano-first-solution-fraud-waste-abuse-records-15-percent-corrected-fox-business/

Social Security Administration Commissioner Frank Bisignano says cleaning up the agency comes first as worries over the program's finances continue, Fox Business reports.

His pitch. On "Big Money in the Morning," Bisignano said "eliminating fraud, waste and abuse" is the "first solution" to protecting the retirement program. "The president has been very, very clear. Protect and preserve. The first steps of protecting was to get the operations to work right. Any good business fixes its technology, fixes its operations, fixes its books and records, and that's what's been going on," he said.

The records. The agency has been correcting incomplete or inaccurate records, including missing dates of death and citizenship information. Bisignano clarified that the roughly 15 percent figure raised in the interview refers to records corrected, not the share reviewed. "15% is the amount of records that were corrected. We've gone through 100%," he said. Fox's page links to its earlier report that the agency corrected nearly 50 million records in its largest Social Security number cleanup.

AI. Bisignano described artificial intelligence as a tool for improving service, processing and recordkeeping, and stressed coordination among government agencies.

The funding gap. Social Security relies mainly on payroll taxes, with its trust funds covering the difference when costs exceed incoming revenue. Fox explains that without legislative changes, running out of reserves would not stop benefits altogether, but incoming taxes alone would not pay scheduled benefits in full.

Note for readers: better records do not by themselves close the long-term shortfall, and Fox's report does not say how much cleanup would save. The 15 percent and 100 percent figures are the commissioner's own.

## Source

Original reporting: [Fox Business](https://www.foxbusiness.com/media/social-security-chief-reveals-first-solution-program-faces-funding-concerns)