President Obama in the Oval Office/ White House flickr
Today President Obama released his fiscal 2014 budget proposal, which set a record for arriving two months after the legal deadline of the first Monday in February. Here are the top five things to know about the new budget.
5. The president's budget would reduce Social Security cost-of-living adjustments through "chained CPI."
President Obama became the first Democratic president ever to propose reductions in Social Security benefits by endorsing an alternate measure of inflation – known as chained CPI – to shrink cost-of-living adjustments for retirees. The president plans to save $230 ...