Political News from Yahoo

U.S. expects big Medicare savings from competitive bid program

WASHINGTON (Reuters) - Medicare and its beneficiaries in 100 metropolitan areas will pay less for durable equipment beginning July 1. The new prices, set by competitive bidding, are expected to save 45 percent on average, on products including walkers, wheelchairs, oxygen equipment, hospital beds and prosthetics. Diabetic testing supplies will be available at savings of 72 percent through a separate national mail-order program. Medicare is forecast to spend $598 billion this year on benefits for 50 million elderly and disabled beneficiaries. ...

Walmart sets limits on ammunition sales after demand surges

(Reuters) - Walmart has started to limit sales of ammunition to three boxes per customer per day due to limited supplies, a spokeswoman said on Wednesday. Sales of guns and ammunition have risen across the United States since the December 14 shooting at a Newtown, Connecticut elementary school. Walmart U.S., is the largest unit of Wal-Mart Stores Inc the world's largest retailer and the largest U.S. gun seller. The Bentonville, Arkansas-based retailer had said that it works to strike the right balance between serving hunters and sportsmen and ensuring that it sells firearms responsibly. ...


Decision on Detroit takeover within weeks: Michigan governor

PONTIAC, Michigan (Reuters) - Michigan Governor Rick Snyder said on Wednesday that a review process on Detroit and a decision on whether the city's shaky financial condition warrants a state-appointed manager could be completed in as soon as three weeks. The Republican governor said he expects to receive a report from a review team he appointed on December 18 in two to four weeks and that his analysis of the report would take another one to two weeks. ...


Corporations fear big tax hikes in White House budget

WASHINGTON (Reuters) - Corporations fear they will be the main course on a menu calling for hundreds of billions of dollars in new tax revenue that President Barack Obama is expected to seek in his annual budget proposal, expected within weeks. Fresh off a political win that raised tax rates on the affluent and averted the so-called "fiscal cliff," Obama is not likely to back away from past proposals he has sought to close tax loopholes and raise taxes on many big companies, said former advisers to the president. ...

Representative Lynch to launch bid for Massachusetts Senate seat: source

BOSTON (Reuters) - Representative Stephen Lynch plans to launch a run for the Senate on Thursday, challenging fellow Democratic congressman Edward Markey in a bid to succeed John Kerry, according to a source with knowledge of Lynch's plans. A former ironworker who represents Boston and the surrounding area, Lynch has scheduled a series of appearances across the state, beginning in Springfield and Worcester - Massachusetts' third- and second-most-populous cities - and moving on to a rally at his own union hall. The source declined to be identified ahead of Thursday's official announcement. ...


Hagel tells Congress he's ready to act on Iran, if needed

WASHINGTON (Reuters) - Chuck Hagel has told Congress that if confirmed as the next defense secretary he would ensure America's military is prepared to strike Iran if necessary but stressed the need to be "cautious and certain" when contemplating the use of force. Hagel's views were detailed in 112 pages of written responses to wide-ranging questions by lawmakers submitted ahead of his confirmation hearing on Thursday. In them, he also voiced support for a steady U.S. drawdown in Afghanistan. ...


Menendez denies he was with Dominican prostitutes

WASHINGTON (AP) — Sen. Robert Menendez's office says he traveled on a plane owned by a Florida physician who is a friend and political donor, but denied that the senator had engaged with prostitutes in the Dominican Republic.


Long-delayed school snack rules to come soon: Vilsack

WASHINGTON (Reuters) - After more than a year's delay, American schools will soon see new U.S. government rules targeting the kinds of snacks sold to students, a move nutritionists say could play an important role in fighting childhood obesity. Anxious schools have waited more than a year to find out how sales of potato chips, candy bars, sodas and similar treats to students will be restricted. These rules on food sold outside traditional cafeteria meals are a key part of the first major overhaul on school food in more than three decades. ...


Menendez denies he was with prostitutes in Dom Rep

WASHINGTON (AP) — Sen. Robert Menendez's office says he traveled on a plane owned by a Florida physician who is a friend and political donor, but denied that the senator had engaged with prostitutes in the Dominican Republic.

Hagel says military view shaped by Vietnam

WASHINGTON (AP) — Chuck Hagel says his experience fighting in Vietnam alongside his younger brother will shape any decision he makes to unleash military force if the Senate confirms him to be President Barack Obama's defense secretary.


Syria says Israel attacked military research center

BEIRUT (Reuters) - Israeli warplanes attacked a military research center in Damascus province at dawn on Wednesday, Syria's military command said, denying reports that the planes had struck a convoy carrying weapons from Syria to Lebanon. Two people were killed and five wounded in the attack on the site in Jamraya, which it described as one of a number of "scientific research centers aimed at raising the level of resistance and self-defense". The building was destroyed, the military command said in a statement carried by state media. ...

Analysis: For Brazil's president, deadly fire highlights larger cause

SAO PAULO (Reuters) - For a gruff, no-nonsense technocrat known for intimidating even her closest aides, the tears rolling down President Dilma Rousseff's face were especially striking. After receiving a phone call at 7 a.m. on Sunday notifying her of a nightclub fire that killed 235 people in southern Brazil, Rousseff cut short a visit to Chile and was on the scene by midday. One photo showed her in a Santa Maria gym that had been turned into a makeshift morgue, cradling the head of a victim's mother with both hands as the two women cried. ...


INSIGHT-Monte dei Paschi harbored bank within a bank

SIENA, Italy (Reuters) - The secret document at the heart of the Monte dei Paschi banking scandal lay for months in a concealed safe in a 14th century Tuscan palace. Chief Executive Fabrizio Viola said he learnt about the safe's contents only last October, a full 10 months after he had been called in to sort out Italy's third biggest bank. The 2009 document revealing derivatives deals that have run up huge losses for Banca Monte dei Paschi came to light in the office of Viola's predecessor at the bank's headquarters in Siena. ...


FARC rebels vow to keep capturing Colombian security forces

BOGOTA (Reuters) - Colombia's FARC guerrillas have vowed to continue capturing security forces while the government on Wednesday asked rebels to make it clear they are not wasting time at peace talks in Cuba and genuinely want to end the five-decade conflict. President Juan Manuel Santos' government and Marxist guerrillas have been locked in peace negotiations in Cuba since November to try to reach a negotiated settlement to a war that has defied all past attempts for resolution. The discussions are set to resume on Thursday. ...

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