The National Commission on Fiscal Responsibility and Reform, a bipartisan commission recently created by President Obama, unveiled a proposal that could save the U.S. government nearly $4 trillion from 2012 to 2020.
President Barack Obama reached out on Saturday to retired Americans, an important group of voters, touting a report that showed healthcare reform had brightened prospects for the Medicare hospital trust fund.
The United States will suffer high unemployment for some time as it slowly recovers from the deep recession that ended in 2009, a former second in command at the Federal Reserve said on Wednesday.
Those scary studies keep on coming: The latest one from the Employee Benefit Research Institute drives home the same message as many others: Americans won't have enough money for retirement.
Greek lawmakers agreed in principle on an overhaul of the country's ailing pension system in a preliminary vote on Wednesday, in a sign that a reform key to restoring the country's ailing finances is likely to pass.
Hungary's government is considering the introduction of a special tax on banks and channelling private pension funds to the state system among options as it drafts its economic action plan, online news portal Index reported on Monday.
Most Americans believe tax hikes are OK if you're making more than $250,000, a policy proposed by President Barack Obama, but hands off Medicare and Social Security, a poll released on Monday found.
A measure to give some 57 million elderly people, veterans and persons with disabilities a $250 check was rejected by the Senate on Wednesday, a setback for the powerful seniors' lobby.
President Barack Obama on Friday proposed a $5,000 tax credit per new employee in 2010 as well as tax break for salary increases.
President Barack Obama, under pressure from deficit hawks, will seek a three-year freeze on domestic spending in his 2011 budget that would save $250 billion by 2020, administration officials said on Monday.
The number of workers filing new applications for jobless insurance unexpectedly rose last week, bumped up by seasonal adjustments, according to government data on Thursday that still suggested the labor market was improving.
Americans may live significantly longer in the future than current U.S. government projections, and that could mean sharply higher costs than anticipated for Medicare and other programs, researchers reported on Monday.
Working conditions must be improved for older people if governments and companies are to persuade them to continue contributing to economic growth into their old age, according to Swedish and British scientists.
With unemployment lines growing even as the recession eases its grip, the U.S. House of Representatives voted on Tuesday to extend jobless benefits for those who risk exhausting them.
U.S. President Barack Obama announced new measures on Saturday to encourage Americans to save more money for retirement, a move the White House said would put the economy on a stronger footing in the future.
The White House and the Congressional Budget Office released new estimates on Tuesday of the scope of federal budget deficits and the health of the U.S. economy.
The White House and the Congressional Budget Office are expected to release new estimates on Tuesday of the scope of federal budget deficits and the health of the U.S. economy.
Below is the full text of the Health Care Reform Bill HR 320. Section 1233 of the Health Care Reform Bill HR 3200 is over 1,000 pages long and was crafted by House Democrats. The bill shows it would take the better part of a decade — from 2010-2018 — to get all the components of the far-reaching proposal up and running.
U.S. consumer spending rose slightly more than expected in June, lifted by expenditures on nondurable goods even as incomes saw their biggest drop in four-and-a-half years, a government report showed on Tuesday.
When a major swimwear factory in Bangkok found its sales plummeting in the downturn, it laid off some 1,900 workers, almost all of them women.
California's highest court on Monday ruled that Bank of America Corp need not pay a potential $1 billion or more to customers who claimed the bank illegally raided Social Security benefits to collect fees.
The number of U.S. workers filing new claims for jobless benefits dropped by 13,000 last week, the Labor Department reported on Thursday, but so-called continued claims hit a new record as the recession took a further toll on job prospects.
