Social Security Commissioner Warns of Painful Cuts

Elderly Americans would suffer considerably under proposed Social Security Administration budget cuts outlined in House Republicans' continuing resolution, the head of the agency warned today as budget-related disputes continue to flare on Capitol Hill. The House GOP budget proposal that would fund the government for the rest of the fiscal year yanks $125 million from the SSA's current levels and $500 million from the reserve fund. The cuts could cost 3,500 employees their jobs, affecting the...Full Story