social security cuts

Obama Unveils $3.8 Trillion Spending Plan

Obama sends Congress a $3.8 trillion spending blueprint that seeks to tame runaway deficits by raising taxes further on the wealthy and trimming Social Security.

Obama Social Security Offer at Odds with Top Democrats

President Obama's offer to limit the growth of Social Security benefits would cost the average retiree less than $50 in the first year. But the cuts would grow over time, and that has advocates for seniors worried that Democrats in Congress will break their promise to shield the program from cuts in deficit reduction talks.