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WASHINGTON – U.S. Democrats are proposing $2.5 trillion to $3 trillion in measures to reduce the budget deficit, including revenue increases and significant cuts to Medicare, congressional aides told Reuters. The plan was unveiled Tuesday at a closed-door meeting of a special 12-member congressional panel, the so-called ”super committee”, that is tasked with finding at [...]

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A sign for the Social Security Administration is seen in Los Angeles, Friday, July 29, 2011. If the debt ceiling currently being debated in Congress does not rise, the government would need to choose what to pay and what not, including benefits like Social Security. (AP Photo/Matt Sayles) A sign for the Social Security Administration [...]

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The earthquake in Japan in March 2011 will have a significant bearing on the country’s metals industry for years to come. In the short term, the disruption halted production at several copper and aluminium refineries. It is also set to hurt demand as the economy has now slipped back into recession. However, we expect demand [...]