Wednesday, July 12, 2017
Senate may vote on revised healthcare bill next week
Reuters reports, “U.S. Senate Republicans said Tuesday they will seek to bring their healthcare overhaul to the Senate floor next week after a lengthy intraparty struggle, but it remained unclear whether they had the votes to pass the measure or even what form it would finally take. With his reputation as a master strategist on the line, Senate Majority Leader Mitch McConnell laid out a timetable for Senate consideration of legislation to fulfill President Donald Trump's campaign promise to dismantle the 2010 Affordable Care Act, also known as Obamacare.”
Why This Matters: Congress has the opportunity to fix our health care system and repeal Obamacare taxes and mandates. Take Action Now!
McConnell: 'Ideally' debt ceiling vote is before August recess
The Hill reports, “Senate Majority Leader Mitch McConnell (R-Ky.) signaled on Tuesday that he wants a vote on raising the debt ceiling before lawmakers leave for the August recess. ‘Ideally we'll deal with the debt ceiling before the August recess,’ he told reporters. The timeline comes after Senate Republicans announced they would delay the start of the August recess by two weeks — moving the recess start date from July 31 to August 14.”
US wholesale inventories post largest gain in 5 months
CNBC reports, “U.S. wholesale inventories increased more than previously estimated in May as automobile stocks rose amid declining sales, but inventory investment still likely weighed on economic growth in the second quarter. The Commerce Department said on Tuesday wholesale inventories climbed 0.4 percent. That was the biggest gain since December 2016 and followed a 0.4 percent decline in April. The department reported last month that wholesale inventories increased 0.3 percent in May.”
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