WASHINGTON (AP) - President Barack Obama is proposing cuts to Social Security as an attempt to compromise with Republicans on the budget.
A senior administration official says the budget Obama will offer to Congress next Wednesday would reduce the deficit by $1.8 trillion over 10 years. It includes a revised inflation adjustment called "chained CPI" that would curb cost-of-living increases in Social Security and other benefit programs.
The senior administration official stressed it is not the president's preferred approach but a compromise proposal to try to reach a long-term budget deal. Obama first made the offer to House Speaker John Boehner last year.
The official spoke on a condition of anonymity since the budget has yet to be released. Technically, the administration actually would be limiting the growth of Social Security.
A Jennings woman is in serious but stable condition after she crashed her car into a north city apartment building Thursday night. It happened just before midnight at Martin Luther King and Burd.
The crash punched a hole in the Arlington Grove Jeffery L. Boyd building. Crews spent most of Friday morning cleaning up the mess.
St.Louis police say the 33 year old woman had been speeding, blowing through two stop signs along Dr. King, before swerving to avoid a stopped car. That's when she lost control, hit two stop signs, a light pole and a metal trash can before crashing into the building.
Police say no one inside the building was hurt.
ST. LOUIS (AP) - The Clinton Global Initiative University gets under way Friday in St. Louis with former President Bill Clinton leading a discussion on the challenges young entrepreneurs and innovators face in launching a new business.
The president's daughter, Chelsea Clinton, is scheduled to speak at the session. Twitter co-founder Jack Dorsey, who grew up in St. Louis, is part of the panel.
More than 1,000 university students from 75 countries and all 50 states are participating in the weekend of events at Washington University. The goal is to develop practical and innovative solutions to the world's problems.
Previous Clinton Global Initiative conferences have taken place at George Washington University, Tulane University, the University of Texas, the University of Miami, and the University of California, San Diego.