Fed: Go Slow on Social Security Accounts
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Federal Reserve Chairman Alan Greenspan urged Congress on Wednesday to take a go-slow approach in setting up the private Social Security accounts favored by President Bush. The president said he wasn't ruling out taxing high-income workers more to help the retirement program.
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The Fed is tightening, but long-term rates aren't keeping up. Some worry that economic growth will slow.
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Three years after President Bush&#39;s Social Security commission proposed adding private investment accounts to the program, the action is heating up.
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The day is coming when the Social Security system won&#39;t be able to pay retired Americans, a nationally known economist warned Wednesday while visiting Decatur.
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Social Security and tax code changes could strain the federal budget. The president could use a rising GDP.
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Nearly nine out of 10 Americans were  worried about saving enough for retirement even before  President Bush began his recent campaign to change Social  Security, according to a newly released study.
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Federal Reserve Chairman Alan Greenspan has done it again. For at least the fourth time this year, he has touched the electrified third rail of American politics - Social Security.
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Have you been deferring your retirement savings for another day? Here's how to get back on track.
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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 Friday.
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US President Bush said that ânow is the time to confront Social Security to deal with a projected $3.7 trillion shortfall over 75 years and give younger workers the ability to invest some of their retirement money in personal accountsâ.
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The chairman of the Federal Reserve Board, Alan Greenspan, warned that the government might have to scale back programs like Social Security and Medicare.
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U.S. stocks may stall at the start of  this week as investors wait for word from the Federal Reserve's  final policy meeting of the year.
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President Bush made a fresh push Saturday for a new Social Security plan in which Americans would be allowed to channel a small portion of their income into "personal savings accounts," warning that inaction could end the retirement system.
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Markets celebrated the Fedâs action but analysts warned that the road ahead promises to be a long, hard slog as corporate profits are starting to slow.
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CRAWFORD, Texas  - Facing record budget deficits,  the Bush administration likely will turn to short-term  government borrowing to help finance its plan to add personal  retirement accounts to Social Security, officials said on  Saturday.
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The Federal Reserve will keep lifting U.S. interest rates to less stimulative levels but will focus increasingly on economic data as they make their decisions, a raft of Fed officials suggested on Tuesday.
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WASHINGTON - The Bush administration said in a report yesterday that Social Security is facing a $13.6 trillion shortfall in coming years and that delaying reforms is not fair to younger workers.