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...House GOP leadersthis afternoon unveiled theirlong-promised planto balance the budget. It sharply curbs Medicare and Medicaid spending and eliminates three Cabinet departments (Education, Energy and Commerce), the General Services Administration and scores of government programs. The package also calls for large cuts in foreign aid, a five-year moratorium on new federal buildings, and limits on cost-of-living increases for military pensions. "Support for passing a balanced budget the week after next is overwhelming," House Speaker Newt Gingrich said today. But "people have already started screaming and yelling," one Republican told TIME congressional correspondent Karen Tumulty, adding that...

Author: /time Magazine | Title: GOP PROPOSES DRASTIC BUDGET CUTS | 5/5/1995 | See Source »

...Senate today that a minority of doctors (8 percent) are responsible for most of the abuse. Still, their creative use of the Medicare billing system has already cost more than $1.24 billion in the last two years. The new evidence of damage done by grifting doctors will only fuel GOP enthusiasm forreining in Medicare spending, notes TIME Washington economics correspondent Suneel Ratan. Possible GOP Medicare cuts could reach$300 billion...

Author: /time Magazine | Title: GET READY FOR $4 BILLION IN MEDICARE FRAUD | 5/5/1995 | See Source »

...tipped his hand, but TIME Washington correspondent Nina Burleigh says it looks like he may follow through on his threat to refuse to call up the nomination for a full Senate vote. On Thursday, Dole defended his right to do so, noting in a letter to Daschle that 161 GOP nominations were blocked from 1987 to 1992. Burleigh says that rules allow for a Senator to block a nomination anonymously, so Dole could do it without taking personal responsibility...

Author: /time Magazine | Title: FOSTER HAS VOTES, BUT DOLE MAY BLOCK HIM | 5/5/1995 | See Source »

Pleading that he is pressed for time,House Speaker Newt Gingrichsaid he will step down as chairman of GOPAC, the cash-stuffed political action committee he used to help engineer theRepublican landslide last November. Since the GOP victory, the PAC has come under scrutiny for not disclosing information about donors and has beenthe subject of an ethics complaint. Gingrich's resignation is his latest move to trim his calendar and lower his profile. Earlier this week, he discontinued the Speaker's traditional daily press briefing. He has also stopped teaching a controversial weekend college course...

Author: /time Magazine | Title: NO TIME FOR GOPAC | 5/4/1995 | See Source »

TIME has learned that House Budget Committee Chairman John Kasich (R-Ohio) is circulating documents in GOP circles that dramatically fulfill his promises of radical federal budget cuts. The package, which Kasich began showing House members under tight securi ty Thursday at a House Republican retreat in Leesburg, Va., includes elimination of three Cabinet departments (Education, Energy and Commerce), the General Services Administration and scores of government programs. It also calls for sharp cuts in foreign aid, a five-year moratorium on new federal buildings and limits on cost-of-living increases for military pensions. "People have already started screaming...

Author: /time Magazine | Title: EXCLUSIVE . . . GOP'S DRASTIC BUDGET CUTS | 5/3/1995 | See Source »

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