In the morning news

Marketwatch: U.S. budget path ‘unsustainable,’ CBO says

“In the absence of significant changes in policy, rising costs for health care and the aging of the U.S. population will cause federal spending to grow rapidly” in coming years, the Congressional Budget Office warned in its annual long-term budget outlook.

Los Angeles Times: Defining government’s role in healthcare

When the year began, the expectation was that the new Democratic-led Congress and President Bush would make some headway on the problem many voters placed at the top of the nation’s domestic agenda — healthcare for the uninsured and rising medical costs that are squeezing the middle class.

USA Today: Too many 401(k)s still have too much company stock

On average, employees have 21.9% of their 401(k) money invested in their employer’s stock, according to a 2006 report by Hewitt Associates, the human-resources consulting firm.

Chicago Tribune: Rule grounding pilots at age 60 may be overturned

A controversial rule mandating that U.S. airline pilots retire by their 60th birthdays appears likely to be repealed, ending a half-century of infighting among pilots.