Bush vetoes Medicare bill.

Today President Bush vetoed the bipartisan Medicare bill that would have prevented a 10.6 percent cut in doctor pay for Medicare fees. His statement explained he objected to roll back elements of the private pay-for-service Medicare Advantage plans. The bill passed both chambers of Congress with veto-proof majorities. Congress will attempt to override the veto “as soon as possible,” said Carol Guthrie, spokeswoman for the Senate Finance Committee. “There’s no time to waste.”