October 15, 2009Stagnant Prices Prevent Social Security Increase
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President Obama on Wednesday attempted to preempt the announcement that Social Security recipients will not get an increase in their benefit checks for the first time in three decades, encouraging Congress to provide a one-time payment of $250 to help seniors and disabled Americans weather the recession. Obama endorsed the idea, which is expected to cost at least $13 billion, as the administration gropes for ways to sustain an apparent economic rebound without the kind of massive spending package that critics could label a second stimulus act The administration is already developing plans to direct billions of dollars in federal money to small businesses through community banks, government sources said Wednesday. That would probably include funds originally targeted to help... Related Topics: President , Small Business Administration, Congress, Obama, USD RECOMMENDED ARTICLES
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