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Latest Social Security debate Stories

2008-06-20 18:00:28

Recommendations from leaders of five business groups for changes in the state's contract with the American Federation of State, County and Municipal Employees include: * Increasing the full retirement age for new employees to 67, though allowing for early retirement starting at 62. The current rule says an employee can retire with full benefits if his or her age and years of service add up to 85. * New employees, when they retire, would be eligible for annual cost-of-living pension...

2005-11-08 14:20:00

By Donna Smith WASHINGTON -- President George W. Bush's failure to win support for individual Social Security investment accounts means the U.S. Congress is unlikely to address the retirement program's long-term financial problems before 2009, a senior senator said on Tuesday. Charles Grassley, the chairman of the Senate Finance Committee, told a business group he is unable to win agreement for a Social Security overhaul even among his fellow Republicans on the tax writing panel....

2005-09-19 16:07:05

By Steve Holland WASHINGTON (Reuters) - The White House argued on Monday that the billions needed for post-Katrina rebuilding will have only a short-term impact on the U.S. budget deficit as President George W. Bush came under fresh attack for his handling of the crisis. A maverick Republican senator, Ohio's George Voinovich, said spending cuts alone will not cover the cost of post-Katrina reconstruction and "we've got to get real" about tax cuts and the enormous debt the country is...

2005-09-04 14:18:37

By Richard Cowan WASHINGTON (Reuters) - Helping fill two seats on the U.S. Supreme Court and providing more aid for victims of Hurricane Katrina heads a historic agenda for the U.S. Congress when it returns on Tuesday from a month-long break. An already busy schedule for lawmakers, who have vowed to examine the slow federal response to the hurricane, was made busier by the death on Saturday of Chief Justice William Rehnquist after a long bout with cancer. President George W. Bush...

2005-08-14 02:43:15

WASHINGTON (Reuters) - On the eve of Social Security's 70th anniversary, Democrats said on Saturday they are ready to move toward revamping the financially troubled retirement program but warned against stripping away benefits to retirees and relying on private accounts for funding. "We have a moral obligation to stand up and protect Social Security for the next 70 years and beyond -- that means stopping privatization and dropping partisan demands for private accounts," said Rep....

2005-08-13 10:46:35

WASHINGTON (Reuters) - On the eve of Social Security's 70th anniversary, Democrats said on Saturday they are ready to move toward revamping the financially troubled retirement program but warned against stripping away benefits to retirees and relying on private accounts for funding. "We have a moral obligation to stand up and protect Social Security for the next 70 years and beyond -- that means stopping privatization and dropping partisan demands for private accounts," said Rep....

2005-08-11 13:39:32

MOUNT PLEASANT, Penn. (Reuters) - Private accounts remain integral to the Bush administration's proposed overhaul of the U.S. Social Security program, Treasury Secretary John Snow said on Thursday. "Personal accounts are an essential component of any solution to Social Security," Snow told reporters after meeting with business leaders in Mount Pleasant, Pennsylvania, a small town near Pittsburgh. While individual retirement accounts would not solve a looming funding shortfall in the Social...

2005-07-22 14:01:41

ATLANTA (Reuters) - President Bush refused on Friday to back down from his push to restructure Social Security despite dimming prospects for action by the U.S. Congress this year and the toll it has taken on his popularity. House of Representatives Republicans have put off until at least September action on even a pared-down version of Bush's plan to create private investment accounts out of the Social Security retirement program. Americans, especially senior citizens, are skittish about...

2005-07-14 17:25:38

By Donna Smith WASHINGTON (Reuters) - Key Senate Republicans on Thursday vowed to push for President Bush's plan to revamp Social Security despite congressional delays and solid Democratic opposition. Senate Finance Committee Chairman Charles Grassley of Iowa acknowledged after a closed door meeting that lawmakers would not act until after the August recess. He had initially hoped for action this month but is still seeking agreement among his fellow Republicans and has not won over...

2005-07-13 16:48:29

By Donna Smith WASHINGTON (Reuters) - Congressional action on one of President Bush's top priorities, restructuring Social Security, will likely be delayed until later this year, Republican leaders in the U.S. House of Representatives said on Wednesday. Rep. Roy Blunt of Missouri, the third ranking House Republican, told reporters that other pressing matters including trade, highway and energy legislation will push back until at least September consideration of plans to establish private...


Word of the Day
glogg
  • Scandinavian punch made of claret and aquavit with spices and raisins and orange peel and sugar.
This word comes from the Swedish 'glogg,' which is an alteration of 'glodgat,' mulled (wine).
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