Treasury plans social security debit card: report
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The U.S. Treasury Department is set to offer a prepaid debit card for Social Security recipients, and has chosen Dallas-based Comerica Bank as the card issuer, The Wall Street Journal reported on Friday.
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President Bush plans to replace John Snow as US Treasury Secretary and possible successors include Andrew Card, currently the White House chief of staff, the New York Times reported Monday.
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The Social Security system will take in more money annually than it pays out in benefits until 2020, two years later than earlier estimated, the Congressional Budget Office reported Monday in a modest change unlikely to alter the growing political debate over the program.
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President Bush's advisers have settled on a proposal for structuring the personal accounts they hope to create in Social Security, while on Capitol Hill, Senate Democrats were launching an effort to defeat the plan altogether.
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The White House is enlisting former  Treasury Department officials to sell the president's  initiatives on Social Security and taxes, the Wall Street  Journal reported on Tuesday.
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Treasury Secretary John Snow began a sales effort on Monday to drum up Wall Street support for President Bush's plans to overhaul Social Security.
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The Bush administration has made a major production of its scheme to restructure Social Security. That notion was the centerpiece of President Bush&#39;s economic strategy meeting last week.
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The White House said on Monday for  the first time that President Bush's plan to add personal  retirement accounts to Social Security would be financed in  part by new government borrowing that could top $1 trillion.
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President George W. Bush hopes to  revive his plan to overhaul the U.S. Social Security retirement  program if his Republican party keeps control of the Congress  in the November midterm elections, the Wall Street Journal  reported on Saturday.
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IceWEB, Inc., www.iceWEB.com  (OTCBB:IWEB), and Blue Coat Systems Inc., (NASDAQ:BCSI),  announced that the US Social Security Administration (SSA) awarded  IceWEB a contract valued at $600,000 for appliances manufactured by Blue  Coat Systems.
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The White House said on Monday it would borrow money to help pay for adding personal retirement accounts to Social Security, after ruling out tax increases to finance
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COLUMBUS, Ohio  - If re-elected, President Bush  plans a "big January surprise" and will move quickly to allow  some private Social Security accounts that will reduce benefits  for retirees and swell the U.S. deficit, Democratic Sen. John  Kerry said on Sunday.
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Under the White House Social Security plan, workers who opt to divert some of their payroll taxes into individual accounts would ultimately get to keep only the investment returns that exceed the rate of return that the money would have accrued in the traditional system.
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A poll suggests that a large majority of Americans support restrictions on the use of Social Security numbers if it would help prevent identity theft.
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The White House said on Monday it  would borrow money to help pay for adding personal retirement  accounts to Social Security, after ruling out tax increases to  finance a transition experts say could cost $1 trillion to $2  trillion over 10 years.
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U.S. Internal Revenue Service  enforcement activities would get a 7.8 percent,  half-billion-dollar funding boost under President George W.   Bush's proposed budget for next year, the Treasury said on  Tuesday.
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Wal-Mart Stores Inc.  will  launch a prepaid card aimed at customers who do not have access  to a bank account, the Financial Times reported in its online  edition on Wednesday.