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In the video, attorney Walter discusses a significant development regarding President Biden's actions, advised by Commissioner Kishikaze. The focus is on potential changes for Supplemental Security Income (SSI) beneficiaries, aimed at providing relief amidst ongoing discussions of stimulus support. A key proposal involves eliminating a calculation method that currently reduces SSI benefits by approximately one-third. This change could result in an annual increase of around $3,895 for some SSI recipients, representing a substantial financial boost. Walter emphasizes the importance of understanding these implications as the process unfolds.