federal budget

Obama Budget Said to Drop ‘Chained CPI’

Posted on 02/20/2014 by |Senior Editor, Money Team | Comments

Money & SavingsThe White House says it is dropping a proposal that would have lowered the cost-of–living adjustments for Social Security and other government social programs, according to published reports. President Barack Obama had previously proposed tying inflation adjustments to the so-called chained CPI, which measures inflation more conservatively, in exchange for tax increases. Republican lawmakers, who have backed the chained CPI,  didn’t go along with the deal. Politico reported a White House official saying: “Over the course of last year, Republicans …

Fiscal Deal Leaves Social Security and Medicare Hanging

Posted on 10/16/2013 by |Washington Watch | Comments

Bulletin Today | PoliticsOne fiscal crisis is winding down, but another round of budget negotiations looms. And that could mean Social Security and Medicare cuts will again be part of the conversation. President Barack Obama signed a measure on Oct. 17 that reopened the government and preempted a default. But, says the Washington Post, the deal’s “timeline sets up another potentially bitter showdown over spending cuts and entitlement programs that will unfold in the halls of Congress over the next four months by starting …

Will the Obamas All Get Tattoos?

Posted on 04/25/2013 by |News | Comments

Bulletin Today | PoliticsOn the April 24 “Today” show, President Obama laid out the strategy he and Michelle have devised to discourage their daughters from getting tattoos. “What we’ve said to the girls is, ‘If you guys ever decided you’re going to get a tattoo, then mommy and me will get the exact same tattoo in the same place. And we’ll go on YouTube and show it off as a family tattoo,” Obama told Savannah Guthrie in a taped interview. “And our thinking …

The Walk to Walden’s Woodshed and Other Contradictions in the Obama Budget

Posted on 04/24/2013 by |AARP Media Relations Team | Comments

PoliticsIt’s news these days that the President has dinner with members of Congress. Had President Obama enjoyed more meals or even an occasional beverage with some members of Congress in both parties, he might have found out that putting the Chained CPI in his budget could derail his entire legislative agenda because of the passions roused in both Democrats and Republicans against the proposal.     One of the key messages coming from the White House when the President’s usual …

Congress Nibbles at Obama’s Budget

Posted on 04/18/2013 by |Washington Watch | Comments

Bulletin Today | PoliticsNow it’s Congress’ turn. Last week President Obama made his budget proposal, and lawmakers on Capitol Hill already have begun trying to bend it to their will. On April 18, in fact, the House Ways and Means Committee will take up one of the most controversial pages in the budget book: the proposal to change the way that benefits under Social Security and other federal programs are adjusted for inflation. The “chained consumer price index,” or chained CPI, would mean …

The 3 Budget Plans: How Do They Stack Up?

Posted on 04/18/2013 by |News | Comments

Bulletin Today | PoliticsNow that President Obama has sent his 2014 budget proposal to Congress, three blueprints for the nation’s fiscal future are on the table. The other two are sharply divergent plans drafted by the lawmakers who chair the congressional budget committees: Rep. Paul Ryan (R-Wis.) and Sen. Patty Murray (D-Wash.). The Republican-controlled House passed the Ryan budget on March 21; the Democratic-controlled Senate passed the Murray budget two days later. We surveyed news accounts and nonpartisan analyses to pull together the …