ObamaCare Repeal Resurfaces
November 06, 2017
Trump puts pressure on Congress to repeal ObamaCare health insurance mandate; William Wehrum nominated by Trump as new leader of EPA Office of Air and Radiation; Employment Index rises after hurricane-related declines.
- Trump puts pressure on Congress to repeal ObamaCare health insurance mandate. Republicans are divided over including a provision to repeal ObamaCare’s individual insurance mandate as part of their tax-reform bill. The House Ways and Means Committee Chairman Kevin Brady (R-Texas) said on Friday that lawmakers are considering the move, which is being pushed by President Trump and others, but also voiced concerns that reopening the contentious ObamaCare debate could sink tax reform altogether. The Ways and Means Committee began its markup of the tax bill on Monday, giving lawmakers the chance to offer amendments. If a provision repealing the mandate is not offered in the House, it could still be added in the Senate. [The Hill]
- William Wehrum nominated by Trump as new leader of EPA Office of Air and Radiation. The Senate is scheduled to vote in the next week to confirm President Trump’s nominee to lead the Environmental Protection Agency’s (EPA) Office of Air and Radiation. Trump nominated William Wehrum to lead the office in September, which oversees a portfolio of regulations related to air pollution and climate change. The nomination has angered environmentalists, given Wehrum’s history as a lawyer for industries he would soon be charged with regulating. [The Hill]
Economic Indicators & News
- Employment Index rises after hurricane-related declines. After two months of declines, the Conference Board Employment Trends Index rose to 135.57 for October. Economists polled by the Wall Street Journal were expecting an index of 132.74. The employment trends index, or ETI, combines 8 market indicators, including industrial-production from the Federal Reserve, openings from the Bureau of Labor Statistics and jobless claims from the U.S. Department of Labor. The index is adjusted for data volatility to clearly reveal underlying trends in employment conditions. [WSJ]