Democratic supporters applaud Obama for putting an end to this unpopular proposal.
Opponents of the chained CPI are marshaling forces as Congress does battle over the budget.
The early line from the Congressional Budget Office estimates Social Security will go up 1.5 percent in 2014.
Using the chained CPI is one way to spread the pain of managing the budget deficit.
Changes are afoot to our retirement system, but some people are calling for radical changes to it, including abolishment of the 401(k) plan.
President Barack Obama continues to support a plan to adopt the chained CPI as a way to control the cost of Social Security.
The Business Roundtable proposes raising the full retirement age for drawing Social Security benefits from 67 to 70.
Putting the squeeze on how we calculate the rising cost of living could be a good way to keep us from flying off the “fiscal cliff.”