Greenspan urges permanent tax cuts funded by Social Security trims
Federal Reserve Chair Alan Greenspan told the Senate Budget Committee that Congress should make Bush tax cuts permanent and offset the roughly $1 trillion price by trimming future Social Security and other entitlements. He urged reinstating pay as you go budget rules to require that spending and taxes be offset by other cuts or rises. He suggested studying higher retirement ages and tying cost of living adjustments to a slower index to curb benefits for the baby boom cohort.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Alan Greenspan
Congress
Bush
Greenspan
Senate Budget Committee
Prosecutors prep to test case in Stewart stock-fraud trial
New York prosecutors expect to finish presenting witnesses by February 20 and begin deliberations in March in the Martha Stewart and Peter Bacanovic stock-fraud case. Lead prosecutor Karen Patton Seymour outlined timelines to Judge Miriam Goldman Cedarbaum as Stewart's defense faces up to three weeks of potential testimony.
MENTIONED IN THIS ARTICLE
Stewart
New York
Martha Stewart
Karen Patton Seymour
Robert Morville
Legal
Morville
U.S
Miriam Goldman Cedarbaum
Lincoln
Peter Bacanovic
ImClone Systems
Food and Drug Administration
Capitol Hill uproar over memo snooping shocks Senate
Republicans and Democrats clash over theft of strategic memos from a shared Judiciary Committee server. Two staffers resigned after being implicated in leaking to newspapers and conservative groups. Secret Service agents interview aides as calls for outside probes grow, with Kennedy and Durbin likening the incident to Watergate and Graham demanding firings.
MENTIONED IN THIS ARTICLE
Bush
Capitol Hill
Watergate
Judiciary Committee
FBI
Senate
Committee
Sen
Edward Kennedy
D-Mass
Dick Durbin
D-Il
Kennedy
Also Mentioned on This Page
The
Associated Press
By Jesse J. Holland
Lindsey Graham
South Carolina
Houston
East Channelview
Bis
Brsissoms Gra
Burt
N. Alexander
Bay Plaza
Boydie
Baytown
Cupid
Skoogies
Avena
Magnus
Ultimate Aveda
Aveda
W. Baker Road
Concept Salon
Sports Review For
Hiha
Spi
Garth Road
Rainbow Jewelry & Loan
N. Main ¢ Highlands
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