GOP attacks on Democrats and AARP over Social Security plan
Republican leaders assailed Democrats and the AARP over President Bush's proposal for personal investment accounts. They accused the group of hypocrisy while stressing solvency needs. AARP argued that taking funds from Social Security does not fix solvency and urged investment alongside Social Security. Greenspan urged quick action to address looming Social Security and Medicare financing issues.
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Senate rejects plan for senior home exemption in bankruptcy bill
The Senate 59 40 rejected a Democratic amendment to shield seniors with special federal homestead exemptions in a bankruptcy overhaul. Senators Feingold and Hatch sparred over whether the states or federal protections should govern exemptions. The chamber also blocks Akaka credit card payoff disclosure proposal, marking the third Democratic amendment defeat in two days.
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House committee OKs 284 billion highway and transit bill
A House Transportation Committee approved a six year 284 billion highway and mass transit bill, aiming to renew and expand funding after a past veto threat. The measure includes 3315 district projects, labeled pork by critics, as House readiness moves to a full vote.
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