Social Security a Priority for White House
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The Bush administration predicts financial markets would applaud a costly overhaul of Social Security for tackling long-term financial obligations weighing on the federal budget.
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President Bush acknowledged the dicey politics of Social Security as he urged Congress to approve his plan to add personal accounts to the system. With the system in financial straits, he said, any political price is worth paying.
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With lawmakers expressing doubt  about its proposal to restructure the Social Security  retirement system, the White House acknowledged on Wednesday  that its plans for investment accounts are likely to undergo  changes to win approval.
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US President George W Bush has vowed to push through big reforms to the Social Security programme in his next term. &quot;Now is the time to work together to confront the problem... the crisis is now,&quot; he told
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The White House, in memo on Social  Security to conservative allies, has suggested it favors  reducing benefits for future retirees as part of a plan to  overhaul the retirement system, memo recipients said on  Thursday.
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The debate in Washington, DC, has started over the reformation of Social Security. The 1935 plan of President Franklin D. Roosevelt is a safety net Americans have come to depend on.
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The president's power to grab attention was on display in Montana last week, but Social Security showed a power of its own.
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Democrats vowed on Saturday to protect the Social Security retirement program from &quot;privatization&quot; by US President George W. Bush and his Republican allies, who expanded their congressional majorities in elections this week.
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President Bush's plan to overhaul Social Security may be a centerpiece of his domestic agenda, but the subject appeared to be turn-off for television viewers, Nielsen Media Research said on Thursday.
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WASHINGTON - An overhaul of Social Security to allow personal investment accounts won&#39;t fix the looming financial shortfall by itself, the White House said Wednesday.
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US President George W. Bush said on Thursday that overhauling the US Social Security system would be a top priority in his second term and &quot;now is the time toconfront Social Security.
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WASHINGTON - In the final days before the November presidential election, Democratic presidential candidate John Kerry and President George W. Bush continue to target undecided voters with talk of two major social policy concerns - Social Security and
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Officials representing business groups, financial service companies, banks and insurance firms are gearing up for a legislative fight over Social Security, telling White House officials Thursday they are solidly behind President Bush's desire to remake the retirement system next year.
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President's plan to overhaul Social Security reflects bigger fight of free market vs. safety net.
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President Bush challenged a hesitant Congress on Wednesday to "strengthen and save" Social Security, saying the nation's costliest social program was headed for bankruptcy unless changed. Bush's plan would cut guaranteed retirement benefits for younger Americans but would not affect checks for people now 55 and older.
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PRESIDENT BUSH used an economic summit in Washington last week to promote his plans to reform the crumbling Social Security system.
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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.