Bush warns of US pension crisis
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US President George W Bush says the nation's social security fund is close to bankruptcy.
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NEW YORK, August 27 (New Ratings) - Federal Reserve Chairman, Alan Greenspan, has reportedly called for immediate initiatives for adjustments to the US pension benefits system.
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President Bush says Social Security's future financial shortfall is a crisis that Congress must tackle now, repeating Monday his demand for action but refusing to provide details of his top domestic priority that will cost trillions of dollars to implement.
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US President George W Bush says his forthcoming budget plans will seek to curb domestic spending.
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&quot;THE CRISIS IS NOW,&quot; President Bush declared of Social Security at the economic conference called by the White House last week.
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President Bush said Monday that he faces &quot;difficult choices&quot; in seeking to ensure Social Security&#39;s solvency and offer younger workers private retirement accounts.
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President Bush warned younger  workers on Tuesday of a grim future for their Social Security  benefits but critics accused him of exaggerating the retirement  system's problems to try and sell his plan to change it.
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Americans are becoming increasingly concerned about the state of the US economy and blaming President George W. Bush, according to Gallup poll figures released.
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With their push to restructure Social Security off to a rocky start, Bush administration officials have begun citing two Democrats -- former President Bill Clinton and the late senator Daniel Patrick Moynihan -- to bolster their claims that the retirement system is in crisis.
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President Bush attempted yesterday to calm Americans' anxiousness about the economy, even as he acknowledged that the nation's financial forecast is not entirely sunny because of the credit-market and mortgage crises.
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US President George W Bush has said he intends to &#39;send a signal&#39; to financial markets that he is serious about a strong dollar by tackling the US budget deficit.
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The federal governmentâs fiscal crisis is so great that it threatens the future of the republic, David M. Walker, the comptroller general of the United States, warned.
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President Bush is hawking a remedy for a Social Security malady that won't develop for decades, yet he insists "the crisis is now."
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The federal governmentâs fiscal crisis is so great that it threatens the future of the republic, David M. Walker, the comptroller general of the United States warned.
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The longer-term solvency of the US agency that insures pensions is at risk, threatened by troubled airlines and other companies failing to fund their retirement plans, the agency&#39;s director said on Thursday.
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FARGO, N.D.  - President Bush warned on Thursday  that retirement benefits for younger workers were at risk as he  brought his campaign to revamp Social Security to the American  heartland and sought the public's help in winning over  skeptical members of Congress.
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U.S. President George W. Bush, announcing a package of measures to help homeowners struggling to pay their mortgages amid the subprime loan crisis, said on Friday the market turmoil stemming from the problem will take time to play out.