Social Security chief identifies 'first solution' as program faces funding concerns

Social Security Administration Commissioner Frank Bisignano said "eliminating fraud, waste and abuse" is the "first solution" to protecting the retirement program as concerns persist over its long-term finances.During an appearance on "Big Money in the Morning," Bisignano discussed efforts to improve agency records, modernize operations and safeguard the program."The president has been very, very clear. Protect and preserve. The first steps of protecting was to get the operations to work right.