The former CEO of a failed artificial sweetener facility has been released from a Missouri jail after posting $10,000 bail while awaiting trial on theft and fraud charges.
Officials at the Randolph County jail say Bruce Cole was released Monday. He faces one theft charge and four counts of securities fraud stemming from the financial collapse of a Mamtek U.S. facility in Moberly in 2011.
The Missouri House has rejected another Democratic effort to add a Medicaid expansion to the state budget.
The House opened debate Tuesday on the state's 2014 budget by defeating an effort to send the budget back to a committee in hopes of adding more than $900 million of federal funds to expand Medicaid for low-income adults.
The defeat of Tuesday's motion was almost a foregone conclusion in the Republican-led House, because the House Budget Committee had previously rejected the Medicaid expansion.
Some supporters of a Medicaid expansion championed by President Barack Obama are also embracing a Republican alternative put forth in the Missouri House.
Missouri's Republican-led committees have repeatedly defeated the Medicaid expansion backed by Obama and Democrats.
Rep. Jay Barnes (R-Jefferson City) is proposing the Republican alternative of the expansion. Among the witnesses testifying for Barnes’ plan in a House committee Monday were people who have stood by Democrats in recent weeks as they embraced a proposed Medicaid expansion for lower-income adults.
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