Congressional Democrats from Massachusetts, a state that many leading money management firms call home, are unifying in opposition to the Bush Administration's proposal to route a portion of Social Security into mutual funds.

Recognizing the implications the Bush plan might have for hometown fund giants like Fidelity Investments and Putnam Investments, at least eight of the 12-member delegation said they doubt the president's claims that Social Security is in crisis and expressed concern over the potential for diluting a safety net many of their constituents rely on, Boston Business Journal reports.

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