DARYN KAGAN, CNN ANCHOR: Now we go back to the nation's capital for news that will be of interest to seniors out there who both want to work and collect Social Security. Here is Chris Black with the latest from the Senate and Capitol Hill. Chris, good morning.</s>CHRIS BLACK, CNN CORRESPONDENT: Good morning, Daryn. The Senate just minutes ago gave unanimous approval to legislation that repeals the earnings limits for Social Security recipients between the ages of 65 and 69, as this unusual bipartisan vote shows, this is an issue whose time has truly come. This also passed the House unanimously. With Americans living longer and healthier lives, many older Americans are eager to stay in the work force, and with employment so, so high, many businesses are not only willing, but eager, to keep older Americans on the job. This limit was first imposed during the Great Depression when the government wanted to encourage retirees to leave the work force and make room for younger workers, but four years ago, the Congress relaxed the earnings limit on older workers, so that, as of this year, older Americans can earn up to $17,000 without paying a penalty. This legislation is now retroactive, and it completely wipes out the earnings limits effective January 1, 2000, and it will affect about 600,000 retirees. Republicans are particularly pleased by this vote. Leadership aides say Social Security has always been a Democratic issue, but they are hoping that this will help inoculate some of the Republicans standing for election this year -- Daryn.</s>KAGAN: All right, Chris Black, on Capitol Hill, thank you for that report. Search CNN.com CNNSI.com CNNmoney.com The Web
Senate Votes to Repeal Social Security Earnings Limit