Tag: Financial services

House Republicans Passes Bill To Replace Obamacare

On Thursday, the House narrowly passed the American Health Care Act, 217-213. Every Democrat voted against the GOP health-care bill, as did 20 Republicans. 217 Republicans voted in favor. The bill passed after a lengthy struggle by Republican leadership to win over moderates who were concerned the bill threatened coverage for people with pre-existing conditions,…

House To Vote On GOP Health-Care Plan Today

A little-noticed amendment to the Obamacare repeal effort now before the House would let U.S. employers gut health coverage, The Wall Street Journal reported. Such a provision would affect about half the country, and the amendment lets states obtain waivers from certain Affordable Care Act regulations, freeing insurers from a mandate stipulating that they cover…

GOP Struggles To Secure Votes On Health Bill

Republicans say they still plan to put the American Health Care Act up for a vote on Thursday, even as the White House and House Republican leaders continue to work to whip up enough votes to ensure passage. Late Wednesday, the White House and the conservative House Freedom Caucus reportedly reached a deal to strike…

John Oliver Rips Trumpcare: ‘People Are Going To Be Hurt By This Bill’

John Oliver ripped apart the latest healthcare reform, referring to it as “shitty Obamacare”. He then proceed to exposes the American Health Care Act, championed by the House speaker, Paul Ryan, saying: “You may not have wanted it, it looks awful, but it’s here anyway” which he likened to “Pirates of the Caribbean 5: The…

Report: FBI Probes Trump Organization, Russian Bank Ties

The FBI’s counterintelligence team is still looking into the potential ties between a Russian bank and the Trump Organization—despite a wide public dismissal of the possible connection several months ago, CNN reports. The same team that is looking into Russian interference in the 2016 election is conducting the inquiry on the Trump company and an…

Chaffetz: Americans May Need To Choose Healthcare Over New iPhones

GOPer Rep. Jason Chaffetz said to CNN on Tuesday that some Americans regarding to their healthcare choice may come down to buying a new iPhone or paying for medical coverage. “You know what, Americans have choices. And they’ve got to make a choice,” said Chaffet. “And so maybe, rather than getting that new iPhone that…

House GOP Unveils Obamacare Replacement Bill

A new bill to repeal the Affordable Care Act’s individual mandate—the crux of President Obama’s signature health-care law—and replace it was released on Monday. The legislation would offer individual tax credits to purchase health insurance and would reportedly keep the ACA’s protections for those with pre-existing conditions; but would allow insurers to raise premiums for…

Obama, Pence Visit Capitol Hill For Obamacare Fight

President Barack Obama arrived to the Capitol to give congressional Democrats advice on how to combat the Republican drive to dismantle his health care overhaul. Vice President-elect Mike Pence is meeting with GOP lawmakers to discuss the best way to send Obama’s cherished law to its graveyard and replace it with — well, something. The…

Fed Raises Rates For First Time Since 2006, Markets Climb

The Federal Reserve raised interest rates Wednesday for the first time in nearly a decade. The central banking committee unanimously voted to move the target range for the federal funds rate to a 0.25-0.5 percent range, up from a 0-0.25 range. “The committee judges that there has been considerable improvement in labor market conditions this…