PARKERSBURG, W.Va. – The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security Administration.

It's time to start cashing them in.

For more than two decades, Social Security collected more money in payroll taxes than it paid out in benefits — billions more each year.

Not anymore. This year, for the first time since the 1980s, when Congress last overhauled Social Security, the retirement program is projected to pay out more in benefits than it collects in taxes — nearly $29 billion more.

Sounds like a good time to start tapping the nest egg. Too bad the federal government already spent that money over the years on other programs, preferring to borrow from Social Security rather than foreign creditors. In return, the Treasury Department issued a stack of IOUs — in the form of Treasury bonds — which are kept in a nondescript office building just down the street from Parkersburg's municipal offices.

Now the government will have to borrow even more money, much of it abroad, to start paying back the IOUs, and the timing couldn't be worse. The government is projected to post a record $1.5 trillion budget deficit this year, followed by trillion dollar deficits for years to come.

VATICAN CITY – The Vatican on Sunday denied that its celibacy requirement for priests was the root cause of the clerical sex abuse scandal convulsing the church in Europe and again defended the pope's handling of the crisis.

Suggestions that the celibacy rule was somehow responsible for the "deviant behavior" of a few priests have swirled in recent days, with opinion pieces in German newspapers blaming it for fueling abuse and even Italian commentators questioning the rule.

Much of the furor was spurred by comments from one of the pope's closest advisers, Vienna archbishop Cardinal Christoph Schoenborn, who called this week for an honest examination of issues like celibacy and priestly education to root out the origins of abusive priests.

"Part of it is the question of celibacy, as well as the subject of character development. And part of it is a large portion of honesty, in the church but also in society," he wrote in the online edition of his diocesan newsletter.

His office quickly stressed that Schoenborn wasn't calling into question priestly celibacy, which just this week Pope Benedict XVI reaffirmed for priests as an "expression of the gift of oneself to God and others."

But Schoenborn has in the past shown himself receptive to arguments that a celibate priesthood is increasingly problematic for the church, primarily because it limits the number of men who seek ordination.

ATLANTA – President Barack Obama is promising parents and their kids that with his administration's help they will have better teachers in improved schools so U.S. students can make up for academic ground lost against youngsters in other countries.

A plan to overhaul the 2002 education law championed by President George W. Bush was unveiled by the Obama administration Saturday in hopes of replacing a system that in the last decade has tagged more than a third of schools as failing and created a hodgepodge of sometimes weak academic standards among states.

"Unless we take action — unless we step up — there are countless children who will never realize their full talent and potential," Obama said during a video address on Saturday. "I don't accept that future for them. And I don't accept that future for the United States of America."

In the proposed dismantling of the No Child Left Behind law, education officials would move away from punishing schools that don't meet benchmarks and focus on rewarding schools for progress, particularly with poor and minority students. Obama intends to send a rewrite to Congress on Monday of the law.

CARACAS, Venezuela – Venezuelan President Hugo Chavez called for regulation of the Internet on Saturday while demanding authorities crack down on a critical news Web site that he accused of spreading false information.

In a televised speech, Chavez said: "The Internet can't be something free where anything can be done and said. No, every country has to impose its rules and regulations," Chavez said.

He singled out the Venezuelan news site Noticiero Digital, saying it had posted false information that some of his close allies had been killed.

Chavez called for Venezuela's attorney general to take action immediately against the Web site. "This is a crime," he said of the site's reports.

There was no immediate reaction from the Web site, which is a popular outlet for critical news and commentary in Venezuela.

The draft memo, obtained Saturday by The Associated Press, said the experts who examined and test drove the car could not replicate the problems James Sikes said he encountered.

Sikes, 61, called 911 on Monday to report losing control of his Prius as the hybrid reached speeds of 94 mph. A California Highway Patrol officer helped Sikes bring the vehicle to a safe stop on Interstate 8 near San Diego.

During two hours of test drives of Sikes' car Thursday, technicians with Toyota and the National Highway Traffic Safety Administration failed to duplicate the same experience that Sikes described, according to the memo prepared for the House Committee on Oversight and Government Reform.

"Every time the technician placed the gas pedal to the floor and the brake pedal to the floor the engine shut off and the car immediately started to slow down," the memo said.

WASHINGTON – Under White House pressure to act swiftly, House and Senate Democratic leaders reached for agreement Friday on President Barack Obama's health care bill, sweetened suddenly by fresh billions for student aid and a sense that breakthroughs are at hand.

"It won't be long," before lawmakers vote, predicted Speaker Nancy Pelosi. She said neither liberals' disappointment over the lack of a government health care option nor a traditional mistrust of the Senate would prevent passage in the House.

At the White House, officials worked to maximize Obama's influence over lawmakers who control the fate of legislation that has spawned a yearlong struggle. They said he would delay his departure on an Asian trip for three days — until March 21 — and he will go to Ohio next week for a campaign-style pitch for his health care proposals.

The delay gives congressional leaders much-needed breathing room to finish the legislation and nail down support from wavering lawmakers.