Obama in 2009: Mandate is Not a Tax
(multimedia) President Obama signaled in our interview that he was prepared to address some of the concerns raised by key Senator Jay Rockefeller, who called the Baucus bill a “big middle class tax increase”...
Category: Currency
Euro-Zone Debt to be Communitized
Chancellor Angela Merkel is taking a hard line on the euro crisis this week, insisting that shared debt be avoided at all costs. Her shrill tone, however, is born out of fear. Just as...
The PDF of the court ruling on Obamacare
In 2010, Congress enacted the Patient Protection and Affordable Care Act in order to increase the number of Americans covered by health insurance and decrease the cost of health care. One key provision is the individual...
Chief Justice Roberts vote a “real surprise”
(multimedia) Constitutional law expert Ted Ruger tells Scott Pelley there were a number of surprises in the Supreme Court’s decision on the Affordable Care Act, including Chief Justice John Roberts’ support for the individual mandate,...
ObamaCare stands: An overview of the law’s provisions
The federal health care overhaul stands, after the Supreme Court ruled Thursday that the so-called individual mandate is constitutional. Here’s a sampling of some of the most significant provisions that will remain as a...
US Supreme Court upholds healthcare reform law
The US Supreme Court has said President Barack Obama’s landmark healthcare reform act is constitutional. The court upheld a core requirement known as the “individual mandate” that Americans buy insurance or pay a fine....
Microsoft attack puts spotlight on Greek tensions
(multimedia) (Reuters) – Gunmen driving a van packed with gas canisters firebombed the Athens headquarters of Microsoft on Wednesday, underscoring the threat of instability as Greece asks for more time and less hardship in cutting its...
Drought May Rival 1980s U.S. Scorcher That Cost $78 Billion
The drought in the U.S. Midwest that has pushed up corn prices 28 percent since June 15 may eventually rival a dry period in 1988 that cost agriculture $78 billion, a government meteorologist said. This...
Stockton, Calif. won’t be last U.S. city to go bankrupt
(multimedia) (CBS News) STOCKTON, Calif. – Stockton, Calif. could become the largest American city ever to file for bankruptcy on Wednesday. And economists warn other large U.S. cities could be next. Stockton was a city...
China proposes $10bn loan for Latin America countries
China has offered to set up a $10bn (£6.4bn) credit line for Latin American countries to support infrastructure projects in the region. The proposal was made by China’s Premier Wen Jiabao as he wrapped...
