budget battle

How 'Chained CPI' Will Hit Your Pocketbook

Obama's new budget proposal includes changing some key inflation calculations to "chained CPI" -- a controversial shift because of the effect it may have on personal finances.

Cutting Medicare Eligibility Would Cost U.S. Billions

Among the many ideas legislators in Washington have proposed for reducing federal spending is raising the age at which Americans qualify for Medicare benefits from 65 to 67. On the surface, that makes sense. But scratch the surface and the numbers show it to be an $11 billion blunder.