SAVE MONEY ON TRAVEL DEALS

Schumer said Republicans favor allowing younger workers to take a third of their Social Security investment out of the federal system and put it into private accounts instead, and would like to turn Medicare into a voucher system.

"They 1/8Republicans3/8 want to privatize Social Security", Schumer told The Hill. "Privatize equals end -- no more."

House Republicans plan to detail their Medicare plan in the next few weeks, The Hill said.

In his State of the Union speech Tuesday, President Obama called for a bipartisan solution to strengthen Social Security for future generations.

"President Obama and Republicans agree on the need to reform Social Security to protect benefits for future generations", said Mike Steel, a spokesman for House Speaker John Boehner, R-Ohio. "It seems like some of the president's Democratic allies on Capitol Hill haven't gotten the memo from the White House."

Thursday, Obama said the solution shouldn't be cutting benefits for future generations or subjecting them "to the whims of the stock market."

 BREAKING STORIES

EU envoy: Political uproar threatens Haiti

Thousands protest on 'Angry Friday'

Egypt cuts access to Internet

British unions discuss strategy

Schumer says GOP would privatize SoSec

Romney leads 2012 Michigan GOP poll

Obama's Irish heritage celebrated

Kim named son reluctantly, brother says

Pence: No presidential bid in 2012

Violent protests continue to grip Egypt

ANC appeals for calm over Mandela's health

Yemenis protest against government

Top Obama YouTube questions: Legalize pot

Tunisia seeks arrest of ex-president

Karzai inaugurates Parliament

U.S. offers support in Tunisia elections

Libertarians call Obama, GOP hypocrites

Unions: Trade deals can threaten jobs

Early polls give Obama speech thumbs up

Obama: Government spending unsustainable