By Rodrigo Campos and Chuck Mikolajczak | NEW YORK NEW YORK The death of the Republican healthcare reform may not prove to be the knife to the heart of the bull market some had feared, but to keep the Trump Trade alive investors should temper expectations for the breadth of expected tax cuts. Anxiety over prospects for the healthcare bill gave stocks their largest weekly drop since […]
For the hardliners of the Freedom Caucus, a conservative group renowned for its ideological purity, the healthcare defeat they helped inflict on Donald Trump showed their willingness to wreak havoc had reached a new high. The group has a record of ruining the plans of party leaders. But they attained a new potency on Friday by bringing down the top legislative priority of a president from their own party […]
Authored by Finian Cunningha, via The Strategic Culture Foundation, There was a time when Russophobia served as an effective form of population control – used by the American ruling class in particular to command the general US population into patriotic loyalty. Not any longer. Now, Russophobia is a sign of weakness, of desperate implosion among the US ruling class from their own rotten, internal decay. This propaganda […]
By James Oliphant | WASHINGTON WASHINGTON In the end, the Closer couldn’t close the deal. For President Donald Trump, the collapse on Friday of his first legislative priority, a healthcare reform bill, was an embarrassing loss of face after he and his administration insisted up until the time of the vote by the U.S. House of Representatives that there was enough Republican support. It brings into question […]
By Steve Holland and Roberta Rampton | WASHINGTON WASHINGTON President Donald Trump said on Friday that he was disappointed that a conservative faction in the House of Representatives blocked his healthcare legislation and said “we learned a lot about loyalty” from the effort. Speaking in the Oval Office after a stunning political setback, Trump said the healthcare effort was a victim of stalwart Democratic opposition and any […]
US stocks suffered their worst weekly performance since the November election after Donald Trump failed to rally support for his healthcare plan, raising the pressure on the US president as he pursues the rest of his agenda. After trading up for most of the session on Friday, the S&P 500 sold off as it became clear the alternative to Barack Obama’s Affordable Care Act lacked the votes […]
WASHINGTON The Republican-controlled U.S. House of Representatives on Friday cleared the way for a contentious debate on legislation to repeal Obamacare and replace it with a more limited federal healthcare insurance program. By a vote of 230-194, the House approved rules for debating the Republican legislation that Democrats oppose. It was not yet clear whether House Speaker Paul Ryan has enough Republican support to pass the bill […]
By Susan Cornwell and Richard Cowan | WASHINGTON WASHINGTON U.S. Republican lawmakers struggling to overcome differences over new healthcare legislation confronted a stark choice after President Donald Trump delivered an ultimatum: pass the bill on Friday or keep Obamacare in place. Trump, a real estate magnate who touted his dealmaking prowess in the 2016 presidential campaign, faced the first major test of how well his skills would […]
Not everything is Donald Trump’s fault. And by the same token, not everything that goes right in the world can be attributed to him. It can be difficult to remember this, particularly in the US where domestic politics is crowding out almost everything else from the news, and where most people are inclined to view the news through stridently pro- or anti-Trump lenses. Mr Trump seems so […]
Democrats criticised Donald Trump’s choice to run the Securities and Exchange Commission on Thursday, saying that Jay Clayton, a veteran securities lawyer, is too deeply entangled with Wall Street to be an effective markets cop. SEC ethics rules will require Mr Clayton, a partner with Sullivan & Cromwell in New York, to recuse himself for two years from enforcement actions involving his former clients or anyone represented […]
Friday 06:00 GMT Overview Asian stock markets continued to recover after a midweek sell-off and as a highly anticipated vote on US healthcare reform was pushed back until later on Friday. European bourses are expected to open on the front foot, with spreadbetters predicting the UK’s FTSE 100 will add 8 points to 7,349 and Germany’s Dax to advance 20 points to 12,060. Hot topic Global markets […]
President Trump’s proposed budget for 2018 isn’t following public sentiment, a new survey finds. The survey, by the University of Maryland’s Program for Public Consultation (PPC), found that while Trump has proposed a $54 billion boost to federal spending for the military, a majority of Americans prefer a cut of $41 billion. While Trump has proposed a $2.8 billion increase for homeland security, a majority of Americans […]
US stock funds suffered their largest redemptions since the Brexit vote in June as Donald Trump’s push to reform healthcare floundered ahead of an expected vote in Congress in the biggest test yet of his young presidency. The quarrel among Republicans over the politically charged healthcare legislation has increased market volatility and flamed investor fears that the US president may struggle to pass tax reforms later this […]
Following a day of narrative twists and turns ahead of what was supposed to be a Thursday night vote to repeal Obamacare, a vote which was pulled in the last moment when over 30 conservative and moderate House republicans threatened to vote against the Ryan/Trump plan, Trump has had enough with the Freedom Caucus dissenters and has issued an informal ultimatum: vote to repeal Obamacare on Friday […]
Senate Democrats have indicated that they may filibuster the confirmation of Judge Neil Gorsuch to the Supreme Court, setting up a showdown on Capitol Hill that could ultimately lead to a massive overhaul in Senate rules. Chuck Schumer, Senate minority leader, said on the Senate floor on Tuesday that he would not vote to confirm Mr Gorsuch, making clear that Republicans would need to find eight Democratic […]
WASHINGTON A bipartisan group of U.S. senators including senior members of the Senate Foreign Relations Committee introduced a bill on Thursday seeking to tighten sanctions on Iran over its ballistic missile launches and other non-nuclear activities. Democratic Senator Robert Menendez, a co-author of the measure with the Republican foreign relations chairman, Bob Corker, told Reuters it had been written specifically not to interfere with the international nuclear […]
Donald Trump suffered a big blow as Republican leaders postponed a vote on the party’s healthcare bill following their failure to unite conservatives around the effort to replace the Obamacare law that they had spent years vowing to repeal. Paul Ryan, the Republican Speaker of the House, abandoned the vote on Thursday afternoon after a final effort by the White House to convince conservative rebels to support […]
To vote, or not to vote, that is the only question on the minds of Trump’s White House and House Republicans this morning. If everything proceeds as planned, the Obamacare vote is currently scheduled for 7pm tonight. That said, the further we press into today without confirmation that Republicans have narrowed the opposition votes from their own party down to 22 or less (as of last night […]
The optimistic but eerie calm that had settled over the US stock market since the US election ended abruptly this week, as the longest streak of trading days without a 1 per cent decline in more than two decades finally snapped. Equities clawed back some of their losses on Wednesday but investors remain on edge. The post-election stock market rally has been largely powered by hopes the […]
“The fighting is raging on as I speak and is expected to last several weeks until the dam, airfield and city are free from ISIS control,” said Col. Joseph E. Scrocca, a spokesman for the American-led command in Baghdad. Continue reading the main story As the operation unfolded, Syrian state television and local residents asserted that at least 30 Syrian civilians were killed in an airstrike that […]
Hawaii lawmaker Beth Fukumoto, ousted last month as Republican leader of the state’s House of Representatives after publicly criticizing President Donald Trump, resigned on Wednesday from her party to seek membership as a Democrat. Fukumoto, 33, the youngest Hawaii legislator to serve as House minority leader, said divisive campaign rhetoric during the 2016 elections convinced her the Republican Party no longer reflected her political values or the […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks, taking some cues from a steady Wall Street, edged up on Thursday while the path for the dollar, which crawled up from a four-month low, remained clouded by concerns about the prospects for U.S. President Donald Trump’s pro-growth agenda. Sterling GBP=D3 was steady at $1.2483 following a decline of as much as 0.4 percent on Wednesday, after an attack […]
By Keith Coffman | DENVER DENVER A Colorado talk radio host who once chaired the state Republican Party and has accused Democrats of widespread voter fraud has been charged with forging his ex-wife’s signature on a mail-in ballot in the 2016 election, court records showed on Wednesday. Steven Curtis, 57, who served as state GOP boss from 1997 until 1999, is charged with one felony count of […]
By Arshad Mohammed | WASHINGTON WASHINGTON The State Department, which was criticized for former Secretary of State Hillary Clinton’s use of a private email server, said on Wednesday it failed to meet an end-of-2016 deadline to manage all its email records electronically. The department, and other U.S. government agencies, had more than four years to meet the deadline under an Aug. 24, 2012, directive that aimed to […]
