Increasing Pushback on Budget and Health Bill
June 22, 2017
As the Executive branch is dealing with increasing criticism of its budget proposal, Republicans in Congress are beginning to see backlash over their healthcare bill. Overseas, Germany is increasing its trade with Asia as a hedge against potential trade issues with the United States.
- Others are heavily criticizing Trump’s Cabinet officials in the Republican Party on Capitol Hill over the president’s budget request. It’s far from unusual for Cabinet members to take fire for defending cuts in a presidential budget. Officials from administrations in both parties expect to take partisan lumps as part of the process, and it is not uncommon for members of the president’s own party to question cuts that might affect their districts. It is also the size of the cuts in Trump’s budget that are unusual as well as the volume of complaints coming from the majority party. [The Hill]
- An increasing number of people are opposed to the Republican healthcare bill. Shortly after the House passed the bill, 38 percent of voters approved of it and 44 percent opposed it. In the new poll, 30 percent of Republicans disapprove of the GOP healthcare bill. A majority, 65 percent, also says Republicans should “compromise with Democrats to reach bipartisan reforms” regarding the healthcare bill. Just 18 percent think the GOP should “work only with other Republicans in Congress to achieve reforms.” [The Hill]
Economic Indicators & News
- German exports to Asia are rising strongly this year in a trend that could mitigate the risks to Europe’s largest economy should U.S. President Donald Trump make good on his protectionist promises. German exports to the U.S. and to European Union members are also growing—albeit at slower rates—but the outlook is vulnerable to the threat of rising U.S. protectionism and the U.K.’s exit from the European Union. Economists warn that a U.S.-led shift away from free trade will hurt economic growth and prosperity globally. [WSJ]