News June 26
Senator Sanders
Health Care Senators negotiating how to overhaul the nation's health care system
broke off formal talks Thursday until after the July Fourth holiday,
saying they lack consensus on how to pay for the $1 trillion or more
that the changes could cost over the next decade. There's talk of
taxing at least a portion of employer benefits or charitable
contributions from the wealthy, or perhaps cutting the tax deduction
for medical expenses. Sen. Bernard Sanders objected to taxing health
care benefits, telling the Miami Herald, "I don't want to support regressive taxation," he said. LINK
Health Care Partisan
tensions are on the rise in Congress just as lawmakers prepare to take
up a health care overhaul, climate change legislation and a Supreme
Court nomination on their return from the July Fourth recess. Sanders
told Congressional Quarterly that completing a
comprehensive health care bill is more important than winning
bipartisan approval. Sanders said he would like to win Republican votes
on the health care legislation but it’s not essential. “What’s more
important is delivering a product rather than sitting around holding
hands.” LINK
Health Care Worried that health care reform is falling apart, more than 130
Oil Prices The U.S. Senate could take up legislation to give federal regulators authority to crack down on speculation in the oil markets if gasoline prices spike this summer as they did last year, Senate Majority Leader Harry Reid said Thursday. Dow Jones added that Sen. Sanders has introduced legislation that would give the Commodity Futures Trading Commission authority to take action against rampant speculation. LINK
The Sausage Factory With
Republicans attempting to throw roadblocks in front of almost every
piece of Senate business these days, Democratic leaders say they are
willing to keep the chamber in session into late fall if necessary to
complete their ambitious agenda. Republican objections to a Sanders
amendment on oil speculation was cited by Roll Call as an example of obstruction tactics by a handful of conservative
Republicans who “have used time-consuming Senate rules to their
advantage this year.” LINK
First Responders Vermont's
two U.S. senators are looking to name a federal law providing benefits
for rescue personnel who are killed or disabled in the line of duty
after a local paramedic killed last week in an ambulance crash. The
legislation introduced Thursday also would extend the federal Public
Safety Officers Benefits program to paramedics employed by nonprofit
organizations and ambulance services. Sen. Sanders said he cosponsored
the bill because all
Health Care Letter “I attended a meeting on [health care] hosted by Sen.Sanders, and the
message was clear: We are the only industrialized nation in the world
that does not provide health care to all of our citizens. Our current
health care system is based on a wasteful, for-profit bureaucracy that
makes our health care system…the most expensive in the world,” Harriet
Piche of
Digital
International
National
Health Care Senate
health-care negotiators said yesterday they were closing in on a $1
trillion health-care bill that would be fully funded by tax increases,
Medicare cuts and new penalties for employers who do not offer health
insurance. Senate Finance Committee Chairman Max Baucus said members of
the panel would consider a menu of policy and financing options over
the Fourth of July recess, with the goal of producing a deficit-neutral
10-year bill shortly after Congress returns July 6, The Washington Post reported. LINK
Global Warming House Democrats grew increasingly confident Thursday that they have the
votes to deliver on one of President Obama's highest priorities -- a
landmark effort to fight global warming and boost alternatives to
fossil fuels. With the vote coming as early as today, House leaders
said they were closing in on majority support but had not locked it
down yet, the Los Angeles Times reported. LINK
Income Up The
income of Americans rose in May because of the government's economic
stimulus, leading them to increase spending modestly and boost the
saving rate to the highest in 15 years.
Personal income rose at a seasonally adjusted rate of 1.4 percent compared to the month before, the Commerce Department said Friday. The jump reflected reduced taxes and increased social benefit payments unleashed by the stimulus package, according to The Wall Street Journal. LINK
Stimulus Slowdown Federal
spending meant to jump-start the economy slowed last week, two weeks
after President Obama vowed to "ramp up" the pace of that aid. Last
week, federal agencies allocated about $5.2billion in new stimulus aid
for projects across the country, according to disclosure reports the
agencies released Thursday. That's less than at any point in the
previous month and less than the roughly $8.6 billion the government
has spent, on average, in every previous week since Obama signed the
massive spending and tax relief package in February, USA Today reported. LINK
Obama Veto Threat The
U.S. House of Representatives was poised to approve on Thursday a
$550.4 billion defense authorization bill for fiscal 2010 that has
drawn a veto threat from President Barack Obama because it contains
money for fighter jets he does not want. The bill also authorizes $130
billion to fund the wars in
Ethan Allen Layoffs Ethan Allen Interiors Inc. is laying off 238 workers at a plant near
the Canadian border, but will keep a sawmill and dimension mill
operating at the site where
