Key senator sees no 'Chained CPI' in Obama budget

Vermont Senator Bernie Sanders, the leader of the Democrats on the U.S. Senate Budget Committee, said on Friday he does not expect "Chained CPI" cost of living cuts for Social Security to be in President Barack Obama's next budget. "It is my understanding that the Chained CPI (Consumer Price Index) will not be in the president's budget," Sanders, an independent who caucuses with Democrats, told a news conference in which he promised to take a strong line against any proposed cuts in social progr