President Barack Obama's new deficit-reduction proposal will leave out changes to Social Security, and may exclude any increase in the Medicare eligibility age, people familiar with the discussions said Wednesday.
President Obama is considering a deficit reduction proposal that leaves out two of the most controversial measures he has put forth before, one affecting Social Security and the other Medicare. Laura Meckler has details on The News Hub.
"As the president has consistently said, he does not believe that Social Security is a driver of our near- and medium-term deficits," White House spokeswoman Amy Brundage said in a statement.
Changing the inflation formula so Social Security benefits grow more slowly and raising the Medicare eligibility age were ideas Mr. Obama had been willing to accept this summer, when he was trying to strike a deficit-reduction deal with House Speaker John Boehner (R., Ohio).