Graves unveils 1999 budget with 112 million tax cut
Governor Bill Graves pitched a balanced 1999 budget in a State of the State address, proposing 112 million in tax cuts and 109 million in enhanced funding, mainly for education, funded by a 270 million revenue surplus. He urged a starting point for deliberations while sparing education and other state programs.
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Clinton plans to cut Medicare and Medicaid spending nationwide
President Clinton plans a budget proposal to curb health care payments to HMOs doctors and hospitals aiming to save about 100 billion over five years. The plan seeks growth limits on Medicaid per capita spending and shifts in Medicare payments while avoiding cuts to services or increases in premiums for 37 million seniors. It also earmarks funds for AIDS prevention and tobacco sale restrictions to youth.
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Global trip adventurer's latest goal
Steve Fossett the financier and adventurer has begun a high risk attempt to fly around the world in a balloon. Launching from Busch Stadium the 52 year old faces a 15 to 18 day flight in a cramped gondola as temperatures outside plummet to minus 50. Two European teams had failed earlier this month and Fossett aims to beat his 1995 distance record of 5435 miles.
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