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Bachmann changes mind on cuts to veterans’ benefits

Tea party icon Rep. Michele Bachmann (R-MN) backed off her controversial plan to cut federal spending for veterans’ benefits. Her $4.5 billion proposed cut to the Veterans’ Administration “received a lot of attention and I have decided that it should be removed from consideration,” Bachmann said in an advisory Friday.…

Amid debate, Dem advises viewers to find ‘designated driver’ if drinking to GOP lies

The Obama White House said last week that the US House of Representatives’ vote to repeal heath care reform was not a “serious legislative effort.” It appears at least one House Democrat took that mantra to heart. “There’ve been, basically, three variations of the argument by Republicans,” Rep. Anthony Weiner…

AP dismantles Republican claim that health reform will cost jobs

As House Republicans prepare Tuesday to take up a bill repealing the sweeping health care overhaul, they face an awkward fact-check permeating the news wires that effectively dismantles their central argument against the reforms. House Speaker John Boehner (R-OH) argued in a recent report that the Patient Protection And Affordable…

Public support for health care repeal plummets: AP poll

Public support for repealing last year’s sweeping health care reform law has fallen dramatically in the aftermath of a shooting rampage in Arizona that critically injured a Democratic congresswoman. Only one in four Americans said they support full repeal of the reforms, according to a newly-released Associated Press-GfK poll, and…

Calif. Dem reintroduces public option for health insurance

Even as Republicans gear up for a vote to repeal health care reform, one progressive House member is making a renewed push for the public option. On Wednesday, the first day of the 112th Congress, Rep. Lynn Woolsey (D-CA) introduced a measure to establish a robust public health insurance option…

Government to report on $1 trillion-plus deficit

Government to report on second straight $1T-plus deficit; red ink to spill over into election The Obama administration is set to report Friday that the federal budget deficit exceeded $1 trillion for the second straight year, providing critics of government spending with fresh ammunition ahead of the midterm congressional elections.…

Obama ally briefly claims White House traded away public option to insurers, hospitals

A close ally of President Barack Obama admitted Tuesday – before retracting the claim – that the White House negotiated away the public option to win over the support of insurers and hospitals early in last year’s health care debate. “It was taken off the table as a result of…

Cost of US bank bailout less than 50 billion: White House

The White House said Thursday the cost of the 700-billion-dollar bank bailout launched at the height of the financial crisis was much lower than expected, at under 50 billion dollars. Treasury Secretary Timothy Geithner informed President Barack Obama of the revised figure during his daily economic briefing, White House spokesman…

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