BC-Business News Digest
WASHINGTON â¿¿ Orders for long-lasting U.S. factory goods fell sharply last month, dragged lower by a steep drop in volatile commercial aircraft demand. But orders that reflect business investment plans rose slightly. By Economics Writer Christopher S. Rugaber.
WASHINGTON â¿¿ House Republicans make a political gambit to rescue one of the most popular features of President Barack Obama's health care program â¿¿ guaranteed coverage for people with pre-existing medical conditions â¿¿ by raiding a disease prevention program. But they run into a buzzsaw of veto threats and cries from conservatives that it further extends the government's role in health care. By Jim Abrams.With: HEALTH OVERHAUL-GOVERNMENT WORKERS OLYMPIA, Wash. â¿¿ In a move that would capitalize on provisions under President Barack Obama's health care law but could cost the federal government millions of dollars, Washington state lawmakers have found a creative way to pass a large chunk of their health care expenses along to Washington, D.C. â¿¿ and analysts say others are likely to follow suit. By Mike Baker. AP photos. â¿¿ $100 BILL â¿¿ The Federal Reserve says it will begin circulating a redesigned $100 bill this fall, more than two years after its initial target. WALL STREET NEW YORK â¿¿ Weak earnings forecasts from Procter & Gamble and AT&T hold the Dow Jones industrial average back. By Markets Writer Steve Rothwell. AP photos. â¿¿ OIL PRICES â¿¿ Oil had its biggest daily gain since December, finishing above $91 a barrel, as oil supplies rose less than expected in the U.S. and speculation grew that the European Central Bank will cut interest rates. DEBT SHOWDOWN WASHINGTON â¿¿ Get ready for another debt showdown this summer. House Republicans are preparing for one. The House Ways and Means Committee pass a bill to protect Social Security recipients and investors in Treasury bonds if the government hits the limit of its borrowing authority. By Stephen Ohlemacher.
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