State of play: President Biden last week offered his proposal for extending Medicare’s solvency for another 25 years.
Worth noting: The retirement age has been raised before. In 1983, Congress voted to phase in raising full retirement age from 65 to 67, citing an increase in life expectancy and workers staying at jobs for longer periods of time.
Driving the news: Former South Carolina Governor Nikki Haley (R), who is running for president in 2024, said she supports changing the retirement age for Americans who are in their 20s.
Rep. Nancy Mace (R-S.C.) also said that raising the retirement age when it comes to receiving social security benefits “has to be on the table.”
Between the lines: Former President Trump has warned Republicans to avoid making changes to Medicare or Social Security amid the ongoing debt ceiling fight.