Home health may be a solution for cutting Medicare spending, lawmakers said

by DeJonique Garrison & Hayat Norimine | Oct 10, 2012 | Business & Tech, Science + Technology

WASHINGTON – A report by a health care advocacy group released Wednesday found that the Medicare program could save up to $100 billion in the next 10 years with proper restructuring, including minimizing unnecessary hospital admissions The Medicare Part A Trust Fund,...

Reagan-style tax reform is trap for middle class, warns senior Democratic lawmaker

by DeJonique Garrison & Hayat Norimine | Oct 9, 2012 | Business & Tech, Politics

WASHINGTON — Democratic New York Sen. Charles Schumer on Tuesday rejected an increasingly bipartisan proposal of cutting tax rates for the wealthy, and called for abandoning the tax reform put forth by the Simpson-Bowles deficit-cutting commission. The senior lawmaker...

Reports: Slower growth in China, India dragging down Asia

by DeJonique Garrison & Hayat Norimine | Oct 5, 2012 | Business & Tech

WASHINGTON – Dimming global prospects and soft domestic demand in China and India are slowing down the pace of economic growth in Asia. According to the Asian Development Bank’s updated reports, released on Wednesday, Asian countries’ 2012 Gross...

IIF: European Central Bank, International Monetary Fund should grant Greece a fighting chance by easing bailout

by DeJonique Garrison & Hayat Norimine | Oct 4, 2012 | Business & Tech

WASHINGTON — The Institute of International Finance urged Eurozone leaders on Thursday to accelerate global economic growth by easing Greece’s bailout, increasing public investment in the country and cutting interest rates on the troubled nation’s remaining...

Alan Simpson and Jared Bernstein: Compromise is needed to save budget

by DeJonique Garrison & Hayat Norimine | Oct 2, 2012 | Politics

The fiscal cliff remains a hot topic, one likely to come up at Wednesday’s first presidential debate between Barack Obama and Mitt Romney. Former Wyoming Sen. Alan Simpson, a Republican and the co-chairman of Obama’s bipartisan deficit commission, and Jared Bernstein,...