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Congressman Greg Walden (R-Ore.) is calling President Obama's budget proposals a "shocking attack on seniors."Rep. Walden is head of the House GOP's campaign committee. He clearly wants to hurt Democrats with senior voters in the upcoming 2014 elections.But let's forget the politics for a minute.Is Rep. Walden right about the damage to seniors by the president's budget proposals to change how benefits are rewarded under Social Security and Medicare?The answer is yes.The president has proposed slowing the growth of Social Security benefits by using a new method to measure inflation that will lower the rate of increase in Social Security payments, also veterans' benefits and federal pensions. The new method for measuring inflation is referred to as the "Chained CPI" or chained consumer price index.The president's budget also limits Medicare benefits for senior couples who make over $170,000. There are also cuts to Medicare services provided by doctors, drug manufacturers and hospitals.Th...
An Indiana-based medical equipment manufacturer says it's scrapping plans to open five new plants in the coming years because of a looming tax tied to President Obam...
Rep. Jim Jordan, (R-Ohio), on efforts to reach an agreement in the debt negotiations.
The best hiring stretch in five years is helping governors and legislators narrow state budget gaps after two of the toughest years in decades, according to a report...
Republicans controlling the House are eying big cuts to food stamps as they piece together legislation to trim $261 billion from the federal budget over the next dec...
President Obama promised in 2009 that he would not sign a health care plan that "adds one dime to" to federal deficit, but a new study being criticized by the White ...
WASHINGTON -- The best hiring stretch in five years is helping governors and legislators narrow state budget gaps after two of the toughest years in decades, accordi...
As Rick Santorum fights off efforts to label him extreme or "ultraconservative" for discussing faith and family on the campaign trail, the White House is taking a ne...
The White House on Tuesday sharply disputed a report that uses data from President Obama's economic advisers to claim that jobs created or saved by the stimulus bill...
Conservatives are rallying in support of a balanced-budget amendment in the run-up to a Friday vote, warning fellow lawmakers that it's just about the only way to en...
Why do Mitt Romney and other wealthy investors pay lower taxes on the income they make from investments than they would if they earned their millions from wages? Bec...
With the economy showing no signs of a quick recovery, states are trying to figure out how to weather the financial storm as a new fiscal year begins this month for ...
Despite the urgent appeals out of Washington to tackle the jobs crisis, Congress succeeded in passing more laws naming post offices in 2011 than those aimed at propp...
Texas Comptroller Susan Combs on the fiscal success of the Lone Star State.
A breakdown of tax fiction and fact, and CBPP Deputy Director Jon Shure on the 10 states poised to hike taxes.
State and local governments are sharply cutting spending in an effort to close large budget gaps. The cuts reduced economic growth in the October-December quarter la...
As the government closes the books Sunday with a $1.1 trillion deficit for the year, which required borrowing 32 cents for every dollar it spent, budget analysts hav...
GOP ticket sits down for first post-debate interview
The Obama campaign would like voters to believe that Paul Ryan's Medicare plan would "end Medicare as we know it" -- privatizing the whole system and costing seniors...
GOP ticket sits down for first post-debate interview
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