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Congress: Cutting $600 billion

"The first crack in President Barack Obama's ambitious schedule for health care reform emerged Wednesday as Senate Finance Chairman Max Baucus (D-Mont.) postponed the markup of his panel's legislation because he needs more time to develop a consensus," Roll Call writes.
"President Obama's push for a bipartisan healthcare overhaul suffered a double blow on Wednesday when Sen. Max Baucus (D-Mont.) announced he would cut $600 billion from his measure while Republicans derided a Democratic markup of an alternative bill as a 'joke,'"

The Hill writes. "Baucus, the chairman of the Senate Finance Committee, said he is looking to shrink the costs from $1.6 trillion to $1 trillion after reading an analysis of both Democratic bills by the Congressional Budget Office (CBO)." 
"Sen. John Thune (R-S.D.) is maneuvering for the GOP leadership opening left by Sen. John Ensign (R-Nev.), who resigned the post Wednesday," The Hill reports.

And the election for that post will apparently take place June 25th.