New York (CNNMoney) – Senior citizens would see their Social Security checks shrink under President Obama's latest budget proposal.
The budget plan, being released Wednesday, calls for changing the way the annual cost of living adjustments for Social Security and other federal programs are calculated. Shifting to "chained CPI" from the current inflation measure could reduce the federal debt by $230 billion, but it would also mean that seniors would get smaller increases in their Social Security payments each year.
New York (CNNMoney) – How does Rep. Paul Ryan want to save Medicare? Offer seniors subsidies to cover their premiums.
Here we go again.
New York (CNNMoney) – One wants to strengthen the nation's existing safety net. The other wants to overhaul it.
President Barack Obama and challenger Mitt Romney have vastly different views on how to help the 46.2 million Americans in poverty and the more than 30 million people who are near poor. The president leans toward expanding the programs that exist, while the Republicans say they will set up a system that fosters economic opportunity instead of government dependency.
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New York (CNNMoney) – The Supreme Court may have upheld health care reform, but the ruling has left many of the poorest Americans at risk of remaining uninsured.
The justices' decision Thursday kept in place nearly all of the Affordable Care Act's provisions, including the mandate that all consumers buy health insurance by 2014 or pay a tax.
New York (CNNMoney) – Obama: How we could get to 6% unemployment rate
The construction industry and state and local governments are among the biggest drags on the nation's economic recovery, President Obama said Wednesday.
New York (CNNMoney) – The 99ers? Call them the 73ers.
Beginning later this year, the maximum number of weeks the jobless can collect unemployment benefits would be reduced to 73 weeks, under a new deal being hammered out in Congress.
New York (CNNMoney) - President Obama = big government.
Or so say the Republican presidential candidates. Newt Gingrich has labeled him the "food stamp president" for expanding entitlements, while Mitt Romney has said the size of the federal government has "exploded" under Obama.
New York (CNNMoney) - President Obama is looking to send billions of dollars to the states to stem the crush of teacher layoffs.
The proposal, which is expected to be unveiled Thursday night as part of Obama's jobs agenda, will likely mirror a $10 billion measure he signed last August to minimize the downsizing of teachers and first responders. That legislation is estimated to have saved 100,000 positions.
NEW YORK (CNNMoney) - Now that the debt ceiling crisis is behind him, President Obama is ready to focus on the top problem plaguing the American economy: weak job creation.
Part of his prescription for 2012 revolves around cutting payroll taxes by 2 percentage points and extending unemployment benefits. The idea is give people more money to spend, which will entice businesses to hire additional workers to meet the demand.
Wait...aren't those programs already in place?
NEW YORK (CNNMoney) - A budget stalemate forced a virtual full shut down of the Minnesota government on Friday and left only a limited array of state services in operation over the busy holiday weekend.
Visitors won't be able to go to the state parks or the zoo, and travelers will find the highway rest stops shuttered. Road construction projects will cease, as will licensing for teachers and businesses.