Sen. Bill Cassidy (R-La.) said Congress can still address Social Security's solvency, despite having only 22 days remaining in the session. Cassidy told CNN host Kaitlan Collins that he has spent six years developing a solution, completed preparatory hearings and drafted legislation. He linked high government borrowing to elevated long-term interest rates and higher mortgage and auto-loan costs, arguing that Social Security reform is important for beneficiaries' financial security. Trustees said in a June report that the retirement trust fund will be depleted in the fourth quarter of 2032, after which retirement benefits would be cut by 22%. Cassidy has proposed a separate $1.5 trillion pension investment fund, financed over five years, to address the program's finances.