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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Jan 30, 2004
Page
3
Washington AP Bush budget projects the new prescription drug plan and Medicare overhaul will cost about 540 billion over 10 years, higher than the 400 billion estimate. The 2005 budget to be released cites a potential year deficit over 500 billion, sparking conservative criticism.
Labor unions and veterans oppose the Bush administration plan to count military training and experience for overtime exemptions. AFL-CIO argues many would lose premium pay. officials say the rule mirrors current law and final rule is due in March. Boeing technician Randy Fleming fears losing overtime if his service counts toward exemption.
Wages and benefits grew 0.7 percent in the October-December quarter, the smallest quarterly rise in a year, as employers remained cautious about the economy. A separate Labor Department report showed unemployment claims easing to 342,000, the lowest since late December, signaling stabilizing layoffs and a cautiously improving labor market.
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