Word: suneel
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TheRepublican push to cut Medicarein order to balance the budget promises to flare into a full-fledged political dogfight this week,TIME Washington economics correspondent Suneel Ratanreports. On Tuesday, the GOP-controlled House Ways and Means Committee will fire the first shot, summoning Health and Human Services Secretary Donna Shalala, who signed a federal report stating that the Medicare system will go bust by 2002, and demanding timely congressional action. The Republicans plan to ask her what the Administration would do to prevent the collapse of the Medicare system. Ratan notes that slashing Medicare spending or raising taxes would seem...
...face down similar GOP proposals in the Senate, went on the attack: "We don't want to see Medicare cuts pay for (House-approved) tax cuts, and that's what may be in the offing here. We're not going to play that game."TIME Washington economics correspondent Suneel Ratancautions that the GOP numbers may change: "They know that they're touching the third rail of American politics...
TIME Washington correspondent Suneel Ratansays Domenici -- the Senate's chief budgeteer -- plans to announce Thursday his plans for cutting an "unimaginable" $1 trillion from projected federal spending over the next seven years in a bid to fulfill the GOP promise to balance the budget by 2002. Roughly a third of those proposed cuts are expected to come from projected Medicare spending. Ratan says that both parties believe such cuts are necessary, and now Domenici is throwing down the gauntlet...
...Vice President Gore's National Performance Review say it ease the monthly burden on the U.S. Postal Service by spreading it out, and will save the government up to $1 billion over five years. Recipients will also be required to receive their checks electronically by direct deposit.TIME Washington correspondent Suneel Ratansays the worst the country's roughly 30 million recipients will endure is a one-time delay as the date of delivery changes; after that, the checks should roll in every 30 days...
...Reported by Jon D. Hull/ Chicago, Ratu Kamlani/New York and Suneel Ratan/Washington