Senate delays threaten healthcare deadline
By Donna Smith and John Whitesides
WASHINGTON (Reuters) - Senate Democratic leader Harry Reid left open the possibility on Tuesday that work on a healthcare overhaul bill could drift into next year, as the House of Representatives pushed to take it up later this week.
"We're not going to be bound by any timelines," Reid told reporters, casting doubt on President Barack Obama's often-repeated goal of signing a bill on reforming the $2.5 trillion U.S. healthcare system by the end of the year.
"We're going to do this legislation as expeditiously as we can, but we're going to do it as fairly as we can," Reid said.
The healthcare bill has been bogged down in the Senate as Reid awaits cost estimates from congressional budget analysts and searches for an approach that could win the 60 votes needed to overcome Republican procedural hurdles.
Democrats in the House pushed ahead with plans to take up a healthcare reform bill later this week, and Democratic leader Steny Hoyer said they had enough support to pass it.
"I am confident that we are going to pass this bill," Hoyer told reporters, predicting passage before a planned recess begins in the middle of next week.
A conference committee probably would need to work out differences in the two chambers' bills, meaning the Senate needs to pass its version by early December to allow time to reconcile the measures and get them to Obama to sign into law.
The healthcare bills are designed to rein in costs, expand coverage to millions of uninsured and end industry practices such as refusing to insure people who are ill. Continued...
Dubai Debt Fears
Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets. Full Article | Slideshow
One Year Later
Mumbai held tearful memorials and police staged a show of strength as it marked the first anniversary of militant raids that killed 166 people and pushed up tensions with Pakistan. Slideshow | Full Coverage











