Everything You Need To Know About Chained CPI, The President’s Stealth Cut To Social Security

President Barack Obama’s budget proposal contains a budget adjustment known as “chained CPI,” a concession to Republicans who want to see entitlement reform in this year’s budget.

Changing the way that the government measures inflation has a major effect on Social Security recipients, taxpayers and people who receive veterans’ benefits.

Here’s why CPI matters:


Produced by Daniel Goodman