House Speaker Paul Ryan says failure to pass a repeal of Obamacare could make tax reform harder for Republicans. But, he says, it doesn't make it impossible.
President Trump hailed the State Department's approval of Keystone XL as a "great day for American jobs," but the controversial pipeline is only expected to create 35 permanent jobs once it's operational.
Treasury Secretary Steven Mnuchin remains publicly confident that tax reform will happen this year, if not by August as he originally predicted then definitely by the fall, he said Friday.
There's more to the market than what's going on with the President and Congress. The Federal Reserve is arguably more important to Wall Street (and the economy) than politicians. And the world is a bigger place than America as well.
Trump has agreed to conservative lawmakers' demands to eliminate Obamacare mandate to cover many health benefits, but that could make it tough for those with pre-existing conditions to find good coverage.
The Congressional Budget Office says the revised Republican health care bill would only reduce the deficit by $150 billion, instead of $337 billion. But there would still be 24 million fewer people insured by 2026.
If President Trump and the Republicans fail to push repeal-and-replace across the finish line, in either the House or the Senate, there will be implications for their tax reform agenda.