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Article updated: 4/5/2013 11:16 AM

Official: Obama proposes cuts to Social Security

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President Barack Obama's proposed budget will call for reductions in the growth of Social Security and other benefit programs by including a proposal to lower cost-of-living adjustments to government social safety net spending, a senior administration official says.

Associated Press

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President Barack Obama's proposed budget will call for reductions in the growth of Social Security and other benefit programs while still insisting on more taxes from the wealthy in a renewed attempt to strike a broad deficit-cutting deal with Republicans. The proposal aims for a compromise, but it was already encountering negative reviews from top Republicans for insisting on revenue and from liberals for its effect on the social safety net.
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