Latest Social Security debate Stories

2005-07-12 10:59:07

WASHINGTON (Reuters) - In his first major speech as White House economic adviser, Ben Bernanke predicted on Tuesday that the 2005 U.S. budget deficit could come in "well below" previous estimates because of robust tax revenue. Estimates of wage and salary income have been lifted "substantially" and it is possible that the labor market is stronger than previously thought, said Bernanke, a former Federal Reserve governor who last month became chairman of the White House Council of Economic...

2005-06-29 17:57:33

WASHINGTON (Reuters) - House of Representatives Republicanleaders said on Wednesday they will move forward with apared-down plan for private accounts as a first step towardPresident Bush's proposed revamp of Social Security. The plan to use temporary Social Security surpluses tofinance individual investment accounts was discussed byRepublicans, who control the House, during a closed-doormeeting on Wednesday. The accounts as outlined by bill sponsors last week wouldbe smaller than those...

2005-06-09 21:15:00

WASHINGTON -- Key Senate Republicans privately reviewed suggestions Thursday for raising the Social Security retirement age while limiting future benefits for upper-wage earners, officials said, as they sought momentum for legislation atop President Bush's second-term domestic agenda. At the same time, the prospects for swift Senate action on the controversial measure appeared to dim during the day, the result of internal GOP disagreement as well as implacable Democratic opposition to Bush's...

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