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ID: 35056
Title: Extra year expected for retirement funds (AP)
Description:

President George W. Bush walks into an conversation on the Medicare Prescription Drug Benefit in Orlando, Florida May 10, 2006. The U.S. Medicare Hospital Insurance trust fund will exhaust its assets in 2019 instead of last year's 2018 forecast the fund's trustees said on Monday. Despite the slight improvement reported, the Bush administration said both Medicare and Social Security needed urgent reform. (Jason Reed/Reuters)AP - Fewer benefits, more tax money and some accounting magic have bought an extra year of life for Social Security and Medicare, trustees of the government's two largest benefit programs said Monday.


Category: Business/US Economy/
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Date Added: April 23, 2007 10:05:22 PM
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