GOP Drops Social Security Cut Demand In Fiscal Cliff Negotiations

Just hours after GOP efforts to include a Social Security benefit cut in a last minute deal to avoid the fiscal cliff ground negotiations to a halt, Republicans backtracked.  

After a Republican conference meeting in the Capitol on Sunday evening, numerous senators emerged to announce that Senate Minority Leader Mitch McConnell would retract his request to include the so-called “chained CPI” measure in any short-term budget deal.