The White House released a new budget plan Wednesday that would reduce entitlement benefits for retired Americans.  The budget proposal seeks to limit Cost of Living Adjustments (COLA) to Social Security by using a less generous formula to measure inflation for computing future benefit increases.  Called “Chained CPI” — some conservatives say the plan would save the government billions of dollars. But others say the proposed changes also place an unfair burden on people who … [Read More]

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Source: VOA News: Economy and Finance