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Supreme Court considers California Medicaid cuts

WASHINGTON (Reuters) – The Supreme Court opened its new term on Monday and considered whether Medicaid recipients and medical providers may sue California for cutting reimbursement rates in the healthcare program for low-income Americans. The justices heard arguments in a case that centered on the plan by California’s lawmakers in…

Iran repeats opposition to two-state solution

Any plan to divide a Palestinian state would be unacceptable, Iran’s supreme leader said on Saturday, adding that such a state could exist temporarily as part of “liberated territory.” Israel’s prime minister responded by saying his country would respond to these “hateful” remarks by redoubling its focus on security and…

Buffett admits he hasn’t read Obama’s jobs plan, will likely oppose parts of it

During an appearance on CNBC Friday morning, billionaire investor Warren Buffett appeared to change course on President Barack Obama’s jobs plan, admitting he had not read the plan and suggesting that he’ll likely oppose parts of it. The admission is particularly surprising, given Buffett’s recent advocacy of the plan, and…

Bernie Sanders: Offsetting disaster relief with spending cuts is ‘absolute hypocrisy’

Independent Senator Bernie Sanders of Vermont told a press conference on Monday that he would continue to oppose a Republican plan to offset disaster relief with spending cuts. He noted that Republicans had not asked to offset tax breaks for billionaires or wars overseas with spending cuts. “But suddenly when…

Gov. O’Malley: GOP prolongs economic woes to hurt Obama

Democratic Governors Association Chair and Maryland Gov. Martin O’Malley said Thursday that Republicans were opposed to any plan proposed by President Barack Obama that could lead to job creation. “I firmly believe that Republicans in Congress, driven by a concerted group, have decided that it is not in their party’s…

Obama pushes for ’11th-hour’ debt deal

US President Barack Obama has urged polarized lawmakers to find an “11th-hour” deal to avert a calamitous August debt default, but said he saw progress as he praised a new bipartisan plan. The US leader warned on Tuesday that time was running out to forge a broad deficit-cutting compromise amid…

Senate plan to avert U.S. debt default takes shape

A bipartisan group of US Senators tried Monday to cobble together a deficit reduction plan that would allow President Barack Obama to avert a potentially catastrophic debt default in return for $1.5 trillion in spending cuts. With two weeks to go until what Obama has termed economic “Armageddon,” the rival…

Gaddafi has ‘suicide plan’ for capital: Russia envoy

MOSCOW — Libyan leader Moamer Kadhafi has a “suicidal plan” to blow up the capital Tripoli if it is taken by rebels, the Kremlin’s special envoy to Libya told a Russian newspaper Thursday. “The Libyan premier told me: if the rebels seize the city, we will cover it with missiles…

Obama, Republicans dig in over tough U.S. debt talks

US President Barack Obama will on Wednesday hold a fourth straight day of tough budget talks with his Republican foes after a key White House critic floated a plan to avert an early August debt default. Obama gave only a lukewarm welcome on Tuesday to Republican Senate Minority Leader Mitch…

Banks struggle to agree on Greek aid plan

ROME (Reuters) – International banks, under pressure from European governments to roll over their holdings of Greek debt, tried again to come up with a joint rescue plan on Thursday after talks over a French proposal fell apart. European Central Bank and Greek government officials as well as international and Italian…

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