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California’s budget sticks to Gov. Brown’s vision of fiscal restraint despite new revenue

By Sharon Bernstein SACRAMENTO Calif. (Reuters) – California Governor Jerry Brown was set Friday to sign a $156 billion budget plan that includes funding for a controversial high-speed rail project and preschool education for low-income children. The compromise deal that sets aside money for a so-called rainy day fund in…

House Republicans target Medicare in new budget

BALTIMORE (Reuters) – Republicans in the House of Representatives will put forward a budget plan this year that will seek substantial reforms to health benefits for the elderly and make aggressive strides toward reducing deficits, a senior lawmaker said on Friday. House Budget Committee Chairman Paul Ryan said he wanted…