This tag is associated with 138 posts

Fear of Pfizer-AstraZeneca job cuts voiced by U.S. lawmakers

By Patrick Temple-West WASHINGTON (Reuters) – Members of the U.S. Congress from Maryland and Massachusetts expressed concern on Saturday that thousands of jobs in their districts could be at risk if U.S. drugmaker Pfizer Inc completes a buyout of UK-based AstraZeneca Plc . I’m really concerned about it,\” said Democratic Representative John Delaney, whose Maryland […]

Military benefits survive defense cuts

WASHINGTON (AP) — An Army corporal would get a full housing allowance to rent an off-base apartment while a military family will see little change in their grocery costs at the commissary as an election-year Congress rebuffed Pentagon efforts to trim military benefits. View full post on Congress News Headlines – Yahoo! News

House panel rejects cuts in military benefits

Congress is saying "not so fast" to a Pentagon proposal to cut subsidies to military commissaries where service members and their families shop at a reduced cost, as well as other proposed changes … View full post on Congress News Headlines – Yahoo! News

Pentagon says automatic budget cuts would hit F-35, other weapons

By Andrea Shalal WASHINGTON (Reuters) – The Pentagon on Tuesday detailed $48.3 billion in cuts to major weapons programs like Lockheed Martin Corp's F-35 fighter jet that would kick in from fiscal 2016 to 2019 if Congress does not reverse automatic budget cuts that are to resume in 2016. It said the cuts would slash […]

House backs one-year delay to doctor pay cuts under Medicare

By Susan Cornwell and Susan Heavey WASHINGTON (Reuters) – The U.S. House of Representatives approved legislation on Thursday to avert looming pay cuts for doctors under the government’s Medicare health insurance program for older Americans and the disabled. The measure to postpone the cuts was approved in a voice vote after an earlier delay signaled […]

Congress confronts Medicare cuts to doctors’ fees

WASHINGTON (AP) — Hope is fading for a Capitol Hill drive to permanently fix Medicare’s outdated payment formula and spare doctors from automatic cuts in their fees next month. Now the question is whether lawmakers can regroup and come up with a short-term solution when the current patch expires. View full post on Congress News […]

Congress Is Fighting Over the Medicare Advantage Cuts Both Parties Want

Cutting overpayments to Medicare Advantage, the private insurance option within Medicare, makes sense for the left and the right, and is something both parties have voted for and supported. But now Republicans are trying to paint the cuts as a bad hand for seniors dealt by Obamacare, while several Senate Democrats who voted for the […]

Budget cuts to slash U.S. Army to smallest since before World War Two

By David Alexander and Andrea Shalal WASHINGTON (Reuters) – The Pentagon said on Monday it would shrink the U.S. Army to pre-World War Two levels, eliminate the popular A-10 aircraft and reduce military benefits in order to meet 2015 spending caps, setting up an election-year fight with the Congress over national defense priorities. U.S. Defense […]

BAE warns U.S. defense spending cuts to hit earnings this year

By Brenda Goh LONDON (Reuters) – Europe's biggest defense contractor BAE Systems warned on Thursday it expected earnings this year to drop by up to 10 percent as a result of U.S. spending cuts, with conditions still difficult despite a recent budget deal in Congress. The British group, which had announced on Wednesday that it […]

U.S. report says planned cuts to Afghan forces threaten stability

Taliban insurgents will increasingly threaten Afghan stability after international forces withdraw in December, and Kabul will need more troops than currently envisioned to provide basic security, according to a new independent strategy review. The assessment, conducted by the Center for Naval Analyses and obtained by Reuters on Thursday, warned that plans to shrink the size […]