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Australia to Boost Medicare Clinic Spending Amid Deficit Concern

May 2, 2026 at 11:36 PM UTCAustralian Prime Minister Anthony Albanese said the coming budget will boost spending on Medicare urgent care clinics as his government moves to address cost of living concerns while dealing with a worsening fiscal outlook.The government will spend an additional A$1.8 billion ($1.3 billion) in the next five years on the clinics, Albanese said Sunday in an emailed statement. The first facilities opened in 2023 in an effort to relieve strain on emergency rooms and the outlays will make them a permanent part of the health system.

Watch Iran War Hits 60-Day Legal Deadline | Balance of Power: Late Edition 05/01/2026 - Bloomberg

May 2nd, 2026Iran War Hits 60-Day Legal Deadline | Balance of Power: Late Edition 05/01/2026"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Representative Eugene Vindman (D-VA), says the administration “owes” Congress an explanation of its Iran strategy as the conflict nears the 60-day mark. Jessica Taylor, Senate and Governors Editor for the Cook Political Report, says the 2026 Senate map is "trending in Democrats' direction," citing the lingering Iran conflict and rising gas prices as political headwinds for Republicans. Jen Gavito, Senior Advisor with the Cohen Group, talks about the US planning to withdraw 5,000 US troops from Germany.