Republican hopes shattered as Obamacare repeal fails

Trump Still a Working-Class Hero, Democratic Poll Shows

President Donald Trump on Saturday posted on Twitter Americans were forced to "live with imploding Obamacare", chiding GOP lawmakers who for seven years have pushed to repeal and replace the healthcare law yet failed to pass any legislation.

Leading Senate Republicans said Monday it was time to move from health care to other issues, saying they saw no fresh pathway to the votes needed to reverse last week's collapse of their effort to repeal and rewrite the Obama health care law.

"It's time to move on", he added after pulling the bill from the floor.

'This is clearly a disappointing moment, ' Senate Republican leader Mitch McConnell said on an eerily quiet Senate floor right after the vote.

Senate filibusters are procedural delays aimed at killing bills. Susan Collins of ME as the only Republicans to vote against the legislation. While today was a win for millions of Americans, our fight is far from over.

Trump addressed his concerns about the Senate process in his tweets on Saturday. Several said they would only vote for the so-called skinny repeal on the condition that the House never take it up and it never becomes law. All Democrats voted against the measure.

No. 2 Senate GOP leader John Cornyn of Texas signalled pique at White House budget chief Mick Mulvaney, who pushed senators in weekend TV appearances to keep voting on health care until they succeed. Two others up for reelection are independents who caucus with the Democrats.

Great Lakes Gray Wolves' Spot Safe On Endangered Species List - For Now
A federal trial court sided with the nonprofit the following year, which meant the wolves went back on the protected list. Under the ruling, hunting and trapping of gray wolves may no longer be permitted by Michigan, Minnesota and Wisconsin.

Merck & Company, Inc. (MRK) Downgraded by BidaskClub
Citigroup Inc. set a $65.00 price target on Merck & Company and gave the stock a "hold" rating in a report on Wednesday, July 5th. Brookside Capital Management Llc bought 39,160 shares as the company's stock declined 2.46% while stock markets rallied.

Adobe Systems' (ADBE) "Buy" Rating Reaffirmed at Royal Bank Of Canada
On average, equities analysts expect that Adobe Systems Incorporated will post $4.06 EPS for the current fiscal year. Over the past 50 days, Adobe Systems Incorporated stock was -2.33% off of the high and 11.97% removed from the low.

McCain was joined in his "no" vote by Republican Lisa Murkowski of Alaska, who earlier in the week had received a call from the secretary of the Interior warning that the administration would drop its support for expanded energy drilling and road construction in Alaska if she dared to defy the president and Republican leadership on the crucial vote. Trump's comment suggests he'd consider ending the employer contribution for health insurance now provided to lawmakers.

Among other things, the "skinny" version of Obamacare would have repealed the individual mandate and the employer mandate, ended the tax on medical devices and defunded Planned Parenthood for one year.

Murkowski later spoke to NBC News, admitting that disappointing her colleagues was hard. And I think what you're seeing there is the President simply reflecting the mood of the people. "We can not let the public believe that we are done with healthcare".

Trump has also called on the Senate not to hold any votes until the repeal effort gets another vote. His Democratic counterpart, Chuck Schumer of NY, said lawmakers should begin working in the Senate's committees on bipartisan fixes to the health care law. "We are not celebrating".

"Senator McCain looks forward to returning to the United States Senate tomorrow to continue working on important legislation, including health care reform, the National Defense Authorization Act, and new sanctions on Russia, Iran and North Korea", his office said in a statement.

Perhaps it is time for lawmakers to take a break from health care and deal with important matters such as tax reform. The subsidies - which will total about $7 billion this year and $10 billion in 2018 - reimburse insurers for reducing co-payments and deductibles for certain low-income customers, reducing their out-of-pocket costs. With unified control of Congress, in 2015 they sent President Obama a full repeal of Obamacare. The House of Representatives has passed an overhaul but the Senate has been unable to do so despite having worked on it for months. "If we don't stop them, they'll strip health coverage from millions of Americans, raise premiums, and gut protections for people with pre-existing conditions". Months in the making, the statement was a nothing-burger of political and economic platitudes that failed to resolve the central challenge of reducing tax rates without reducing tax revenue and exploding the federal deficit.

Related:

  • Growth Report on Exelixis, Inc. (NASDAQ:EXEL)

    The Company's cabozantinib product is an inhibitor of multiple tyrosine kinases, including MET, AXL, and VEGF receptors. The company has a market capitalization of $8.01 billion, a price-to-earnings ratio of 1304.76 and a beta of 1.87.
    Mega Millions Tops $300 Million, Powerball At $261 Million

    Mega Millions Tops $300 Million, Powerball At $261 Million

    In the game's history, the jackpot has been won once on August 1 - a $31 million prize won in NY on August 1, 2006. If you want to play the Mega Millions but have no idea how, here's our quick guide for playing the game .
    Ohio State Highway Patrol promotes school bus safety

    Ohio State Highway Patrol promotes school bus safety

    Indiana State Police have issued a reminder about when motorists are required to obey school bus flashing lights and stop arms. He says, over the past six years, officers have issued almost 9,000 stop arm violation citations.
  • Mane shines as Liverpool beat Bayern

    Sadio Mane has made a successful return to injury, while Philippe Coutinho and Roberto Firmino have been amongst the goals. Bayern started brightly but gifted the visitors the lead after just eight minutes.
    Max Scherzer leaves in 2nd for neck issue after first career homer

    Max Scherzer leaves in 2nd for neck issue after first career homer

    The reigning NL Cy Young Award victor worked a 1-2-3 first inning, and in the top of the second he hit a three-run homer. Max Scherzer smacked his first-career home run Tuesday in the top of the second inning against the Marlins .

    Cypress Semiconductor Corporation (NASDAQ:CY), SunPower Corporation (NASDAQ:SPWR)

    Their average price target spell out an upbeat performance - a 15% and would give CY a market capitalization of almost $5.37B. California State Teachers Retirement has 0.02% invested in Cypress Semiconductor Corporation (NASDAQ:CY) for 666,575 shares.
  • Axa Purchases 17315 Shares of Corning Incorporated (NYSE:GLW)

    Finally, Highbridge Capital Management LLC bought a new stake in Corning during the fourth quarter valued at about $226,000. It was reported on Aug, 1 by Barchart.com . $506,515 worth of Corning Incorporated (NYSE:GLW) was sold by ROGUS MARK S .
    Aussie Travellers Facing Massive Airport Lines Thanks To Beefed-Up Security

    Aussie Travellers Facing Massive Airport Lines Thanks To Beefed-Up Security

    Travellers are also being being urged to limit the amount of baggage they take on flights to help speed up the screening process. Passengers go through a security check before walking to departure gates at the Sydney Airport domestic terminal on Sunday.

    (USA) (NYSEMKT:NGD), Bed Bath & Beyond Inc. (NASDAQ:BBBY)

    The retailer reported $0.58 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.66 by $0.08. The company has a 50-day moving average price of $31.17 and a 200 day moving average price of $36.81. (NASDAQ:BBBY).
  • Diana's miserable sex life with Charles revealed in new tapes

    Diana's miserable sex life with Charles revealed in new tapes

    Then, like many girls of my generation, I had a massive crush on Prince William throughout my preteen years. EST. 'It was a sort of freakish circumstance where we were told you just have to look straight ahead.
    Judge Strikes Down Pro-Life Alabama Law Requiring Parental Consent for an Abortion

    Judge Strikes Down Pro-Life Alabama Law Requiring Parental Consent for an Abortion

    On June 27, a family court judge approved an abortion for the girl, who had just completed fifth grade, according to Alabama.com . Magistrate Judge Susan Russ Walker, claiming that the controversial abortion law made the girl's already awful situation worse.
    Massimiliano Allegri says Alex Sandro is staying at Juventus

    Massimiliano Allegri says Alex Sandro is staying at Juventus

    However, one area Antonio Cote has struggled to strengthen is the wing-backs, where he is still heavily reliant on Victor Moses and Marcos Alonso.

Comments

Latest news

Holly Energy Partners, LP (HEP) PT Set at $34.00 by Scotiabank
Capital Inv Limited Liability Corporation holds 0.13% or 47,491 shares in its portfolio. 658 were reported by Da Davidson Co. The stock of NuStar GP Holdings , LLC (NYSE: NSH ) has "Underperform" rating given on Thursday, November 3 by Credit Suisse.

Institutional Investors Are Crazy About Camden Property Trust (NYSE:CPT)
BTIG Research lowered Essex Property Trust from a "buy" rating to a "neutral" rating in a research report on Friday, June 30th. The real estate investment trust reported $2.97 EPS for the quarter, topping analysts' consensus estimates of $2.92 by $0.05.

Man arrested over alleged plane terror plot released without charge
Security risks for New Zealand travellers at airports here are unchanged "for now" following the terror scare in Australia. Forensics officers had also set up a tent for objects taken from the house, according to a Reuters witness.

General Electric Company (NYSE:GE) Releases FY17 Earnings Guidance
Zacks Investment Research downgraded General Electric from a hold rating to a sell rating in a report on Wednesday, June 21st. It worsened, as 68 investors sold GE shares while 818 reduced holdings. 116 funds opened positions while 609 raised stakes.

South African referee Jaco Peyper gets nod to officiate at final
Head coach Scott Robertson, who played for the side as a flanker during their glory years is keen for the team to finish 2017 on a high.

Should You Buy Valley National Bancorp (NYSE:VLY) On Current Analyst Views?
The financial services provider reported $0.18 earnings per share for the quarter, meeting the Zacks' consensus estimate of $0.18. Zacks Lowered Valley National Bancorp from a "hold" recommendation to a "sell" recommendation in a study on Saturday, Jul 8th.

NVIDIA Corporation (NVDA) Position Held by Wellington Shields & Co. LLC
Silvercrest Asset Management Grp Lc, a New York-based fund reported 3,700 shares. (NASDAQ:QCOM) for 52,194 shares. (NYSE:T). In addition to SunTrust reporting its stock price target, a total of 18 brokers have issued a research note on the company.

NASCAR further limits participation of Cup drivers in lower divisions
Prior to this change, drivers were allowed to do so as long as they did not have five or more years of experience as a full-time Cup Series driver.

Dominion Diamond Corporation (DDC) Cut to "Market Perform" at BMO Capital Markets
As of the end of the quarter Cibc Asset Management Inc had disposed of a total of 1,036,727 shares trimming its holdings by 91.2%. The average twelve-month price target among brokerages that have issued a report on the stock in the previous year is $14.48.

Rosario to debut with Mets Tuesday
Amed Rosario learned Monday that he would finally make his long-awaited Mets debut while he was on his way to an English lesson. Shortstop Amed Rosario will be making his Major League Baseball debut Tuesday night against the Colorado Rockies .

IAMGOLD Corp (TSE:IMG) Receives C$7.61 Consensus PT from Brokerages
The mining company reported $0.01 earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.01) by $0.02. Canaccord Genuity lifted their price target on IAMGOLD Corp from C$9.25 to C$9.50 in a research note on Thursday, July 27th.

Bank of America Corp (NYSE:BAC) Stake Increased by Aperio Group LLC
Bank of America Corp comprises 6.5% of Packer & Co Ltd's portfolio, making the stock its 2nd largest position. Bank of America Corporation (NYSE: BAC ) last announced its quarterly earnings data on Tuesday, July 18th.

Advanced Micro Devices, (AMD) Rating Reduced by Barclays
Also, SVP Forrest Eugene Norrod sold 62,500 shares of the company's stock in a transaction that occurred on Wednesday, July 26th. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink .

Turquoise Hill Resources Ltd (NYSE:TRQ), Las Vegas Sands Corp. (NYSE:LVS)
Stock market analysts watching Turquoise Hill Resources Ltd. (NYSE:TRQ) have recently changed their ratings on the stock. The company's Average Earnings Estimate for the Current Fiscal quarter is $-0.02, according to consensus of 4 analysts.

Noteworthy Mover of Last Trading Session:: Novavax, Inc. (NVAX)
The Firm has ATR of 0.13 that is explaining range of a day's trading is high-low; ATR expands it to yesterday's closing price. Finally, ValuEngine lowered Novavax from a "sell" rating to a "strong sell" rating in a research note on Friday, June 2nd.

Other news