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Seniors hold ‘knit-in’ protests at New York banks

Seniors outraged at proposed cuts to Medicare held “knit-ins” at bank branches throughout New York City and Long Island on Wednesday afternoon. They knitted blankets that said “Save Medicare,” which they plan to hand-deliver to members of Congress during the August recess. “Medicare is absolutely essential for my health, I…

House approves deal to avert U.S. default and cut the federal deficit

The House of Representatives passed an agreement Monday, called the Budget Control Act of 2011, that would raised the debt ceiling until 2013 and cut the federal deficit by about $2.1 trillion over a 10-year period. The two-stage agreement, which was criticized by both tea party lawmakers and progressive Democrats,…

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