Senator Merkley: Great News ‘Chained CPI’ Not in Budget

Washington, DC–(ENEWSPF)–February 20, 2014.  Oregon’s Senator Jeff Merkley issued the following statement after it was announced that a cut to the Cost of Living Adjustment (COLA) for Social Security will not be included in President Obama’s budget for Fiscal Year 2015. 

“It is great news that the President is responding to the concerns of so many Americans and won’t include ‘chained CPI’ in his budget. The Social Security COLA already doesn’t reflect the real costs…