Topic: United States

US drug spending slows; hits $307 bln in 2010: report

NEW YORK (Reuters) - U.S. spending growth on prescription drugs slowed to 2.3 percent in 2010 - the second lowest level in 55 years, according to a report by consulting firm IMS Health.Even with the slowing growth rate, spending on prescription medicines ...

Obama lays out vision for curing U.S. fiscal woes

WASHINGTON (Reuters) - President Barack Obama on Wednesday laid out his long-term strategy to reduce the U.S. budget deficit by $4 trillion over 12 years.He proposed four steps: savings on the defense budget, elimination of waste in healthcare spending, control of domestic ...

Obama targets $4 trillion cut in deficit

WASHINGTON (Reuters) - President Barack Obama proposed cutting ballooning U.S. budget deficits by $4 trillion over 12 years on Wednesday and called for talks with Democratic and Republican lawmakers to address the worsening fiscal woes.Obama, who has been criticized by both Democrats ...

Illinois agency OKs program to pay Medicaid bills

CHICAGO (Reuters) - With Illinois facing a growing pile of bills from Medicaid providers that is adding to its fiscal woes, the state's finance authority board on Tuesday gave preliminary approval to a program to speed up payments.Under the program, the state ...

Health cuts loom in new U.S. budget fights

WASHINGTON (Reuters) - After a narrow escape from a potentially damaging government shutdown, even bigger budget fights lie ahead for President Barack Obama and leaders from both parties in the U.S. Congress.Senior White House adviser David Plouffe told CNN that Obama's plan ...

As boomers age, a soul-searching budget battle

WASHINGTON (Reuters) - In 1983, a civil servant named Robert Ball worked a political miracle: he convinced Republican Ronald Reagan to raise taxes and Democrat Tip O'Neill to accept trims to Social Security.That was the last time the United States made substantial ...

US Republicans push deep long-term spending cuts

President Barack Obama's Republican foes, warning the debt-heavy US economy is hurtling towards collapse, called Tuesday for trillions of dollars of spending cuts in a politically risky budget plan.Republican Paul Ryan, chairman of the House of Representatives Budget Committee, crafted the party's ...

Republican budget plan would cut $5.8 trillion in 10 years

WASHINGTON (Reuters) - A Republican budget plan due to be unveiled on Tuesday would cut $5.8 trillion from U.S. spending over the next 10 years, a congressional aide familiar with the proposal said on Monday.The plan, which would take effect when the ...

Republicans eye bigger cuts amid U.S. budget fight

WASHINGTON (Reuters) - As the biggest spending cut in U.S. history takes shape in Congress, Republicans are preparing a more ambitious proposal that could scale back the benefit programs that account for the majority of government spending.Republicans in the House of Representatives ...

Republicans eye bigger cuts amid budget fight

WASHINGTON (Reuters) - As the biggest spending cut in U.S. history takes shape in Congress, Republicans are preparing a more ambitious proposal that could scale back the benefit programs that account for the majority of government spending.Republicans in the House of Representatives ...