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Door left open for chained CPI comeback
Federal Times: Even though the administration dropped a proposal to use a lower inflation marker to calculate federal retiree benefits from its fiscal 2015 budgets, lawmakers say it might not be gone for good.
The administration proposed moving to the chained CPI in its fiscal 2014 budget request, saying that it is a more accurate measure of inflation and that making such a move would cut projected future deficits by at least $230 billion.
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