CCTV.com - CNTV English - CCTV News

US retirement age may be raised

11-11-2010 14:10 BJT

Watch Video

Play Video

A US presidential commission is proposing to raise the retirement age.

The required age for a social security pension will be 68 years by 2050 and 69 years by 2075. This is according to recommendations from Obama's deficit reduction commission.

A draft put out ahead of the panel's final proposal also suggests tweaking the popular mortgage tax deduction and cutting defense spending.

Erskine Bowles, Co-Chairman, Bipartisan Fiscal Commission, said, "We face the most predictable economic crisis in history. Every single member of Congress knows that the path we are currently on is not sustainable. Nobody debates that. The debate is how do we address it. We put out a plan to do that and we expect that plan to be modified as we go forward."

 

Editor:Zhang Pengfei |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program