US to use federal pension to fight debt
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US President George Bush&#39;s administration has weathered a pre-election mauling as it announced emergency measures to skirt a $7.
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Now you can solve America's biggest retirement problem.
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US Treasury Secretary John Snow repeated on Sunday the Bush administration would support complete debt relief for the poorest countries and said details of how to implement a plan could be worked out.
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JACKSON HOLE, Wyo.  - An aging U.S. population  will strain public finances and hurt the economy without swift  fixes to the social safety net, such as raising the age for  full retirement benefits, Federal Reserve Chairman Alan  Greenspan said on Friday.
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The U.S. government agency that insures corporate pensions will run out of money in 2020 if current financial conditions persist, imperiling the checks of millions of retirees, a new independent study shows.
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Rising pressure on U.S. finances from an aging population make it vital quickly fix the social safety net with such steps as raising the age for full retirement benefits, Federal Reserve Chairman Alan Greenspan said on Friday.
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BUENOS AIRES, Argentina  - Argentina on Friday  launched its historic offer to restructure $102.6 billion in  defaulted debt, scoring an early but expected victory as local  pension funds holding 17 percent of the bad debt signed up for  the exchange.
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A top Federal Reserve official has urged the White House and Congress to restrain the U.S. budget deficit, warning that its continued growth poses risks to international financial markets.
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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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In hopes of luring erstwhile feds back into public service, Rep. James P. Moran Jr. (D-Va.) has introduced a bill that would permit former government workers to recoup their pension credits when returning to federal employment.
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The deficit at the federal agency that rescues failed US pension funds more than doubled to $23.3 billion in fiscal 2004, officials said on Monday, as the safety net was hit by losses from pension plans that have failed or are
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Federal Reserve chairman Alan Greenspan warns that prompt action is needed to fund pensions for the ageing US population.
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Pressure is mounting for the US government to act soon to prevent a recession.
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The long-term economic health of the United States is threatened by $53 trillion in government debts and liabilities that start to come due in four years when baby boomers begin to retire.
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The U.S. government agency that  insures corporate pensions will run out of money in 2020 if  current financial conditions persist, imperiling the checks of  millions of retirees, a new independent study shows.
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US Treasury Secretary John Snow said creating private investment accounts within the Social Security system will help the federal program avoid ``deep cuts&#39;&#39; in benefits or ``huge&#39;&#39; increases in payroll taxes.
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States will be issuing bonds to cover unfunded retiree obligations. When that happens, buy.