Although federal officials have long recognized improper spending as a problem, it is not the main reason for the program’s dire financial outlook

The involvement of Antonio Gracias, an investor who has known Elon Musk for two decades, suggests that Mr. Musk has made overhauling the Social Security Administration a priority.

Elon Musk pushed debunked theories about Social Security on Monday while describing federal benefit programs as rife with fraud, suggesting they will be a primary target in his crusade to reduce government spending.

The White House is trying to calm concerns about the future of Social Security amid Elon Musk's latest comments and critics warning the Trump administration is 'gutting it.'

Senate Democratic Leader Chuck Schumer (N.Y.) on Tuesday slammed tech billionaire Elon Musk for claiming that Social Security is plagued by widespread fraud and that as many as 20 million “dead”

After labeling Social Security “a Ponzi scheme,” Elon Musk’s offensive against the social-insurance program took another aggressive turn.

The two maintain that they won’t attack the program, but their repeated claims of rampant fraud serve a strategic purpose.

Senate Finance Committee Democrats, led by Ron Wyden, to convene a hearing to investigate recent developments at the Social Security Administration (SSA).

Elon Musk has claimed that Social Security and other welfare programmes are plagued by fraud and improper payments, arguing that cutting $500 billion to $700 billion in government waste should be a key priority.