BUSINESS

Social Security Payments: $250 Checks Proposed By Obama For Seniors

03/18/2010 05:12 am ET | Updated May 25, 2011

Congressional leaders welcomed President Obama's proposal to make $250 payments to Social Security recipients Thursday, as a government report confirmed there will be no automatic cost-of-living adjustment for the program.

Some public policy experts, however, argued that the action amounts to a politically motivated giveaway to seniors.

Read more on washingtonpost.com

Suggest a correction