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New version of BCRA has penalties for uninsured

A new version of the Senate health bill, the Better Care Reconciliation Act of 2017, has been released that now has penalties for the uninsured. Insurers can impose a six-month waiting period on those who cannot demonstrate 12 months of "continuous creditable coverage." The bill could be voted on by the Senate as early as this week.

6 min ago
Supreme Court reinstates most of Trump travel ban before hearing case

The Supreme Court allows most of the Trump administration’s travel ban to go forward before it hears a case on the matter in October.

57 min ago
Ivanka Trump, assistant to President Trump, says ‘I try to stay out of politics’

Special assistant to the president Ivanka Trump, said in a Monday interview with the “Fox & Friends” morning show on Fox News that she tries to “stay out of politics.”

12:20 p.m. Today
Today’s central banks are even more impotent than they were in the 1930s

Inflation is staying stubbornly low, and central banks ignore the lessons of Japan’s policy blunders at their peril, says Stephen S. Roach.

10:52 a.m. Today
Supreme Court will hear whistleblower protection case

Fired employee who only reported misconduct internally wants Dodd-Frank protection from retaliation

10:51 a.m. Today
Supreme Court to decide whether baker can deny cake for gay wedding

The Supreme Court agreed Monday to consider whether the Constitution’s religion clauses allow a bakery to deny service to gay couples.

10:25 a.m. Today
Chicago Fed national economic index matches multimonth low as factories, hiring a drag

The Chicago Fed’s National Activity index retreated to a negative 0.26 in May from an upwardly revised 0.57 in April, pulled down by manufacturing in particular, but also dragged lower by the employment and consumption/housing components.

9:59 a.m. Today
Health care will likely be point of contention in 2018 midterm elections

Many of those up for re-election are centrist Democrats, who may face House Republican challengers.

9:04 a.m. Today
CBO score could show Senate bill leaves 22 million without insurance

A key report due Monday could say up to 22 million more people will be without health insurance if a Senate bill is passed, while Kellyanne Conway has a solution for those who lose insurance.

8:58 a.m. Today
Durable-goods orders backslide again

Orders for durable goods such as planes and computers fell in May for the second month in a row and registered the biggest drop in six months, suggesting that an early-year surge has faded.

8:47 a.m. Today
Trump calls Obama a copycat for labeling Republican health bill ‘mean’

President Donald Trump confirmed Sunday he had called the House-approved health-care bill “mean,” and claimed former President Barack Obama stole that descriptor from him.

8:20 a.m. Today
What Trump gets right — and not — on trade

The Trump administration is correct to characterize our trade agreements as outdated and harmful, but its proposed solutions won’t work, writes Peter Morici.

6:05 a.m. Today
Brexit one year later: 5 ways the U.K. could now leave the EU

A full year after the U.K.’s Brexit referendum, the divorce talks between Brussels and Britain finally kicked off last week, but the outcome of the final agreement remains extremely uncertain.

4:04 a.m. Today
American workers have done all they can do to grow the economy — now it’s the turn of business

Ordinary Americans have done about all they can do to help the nation’s economy and forestall the next downturn. Now they need help.

2:45 a.m. Today
Who will fill America’s shoes?

As Trump’s America pulls back from global leadership, Richard Haass wonders who will fill the void.

2:42 a.m. Today
Fed's Williams says gradual rate hikes are needed for growth

The U.S. Federal Reserve must keep hiking interest rates gradually to avoid overheating in the U.S. economy, Federal Reserve Bank of San Francisco President John Williams said in the text of a speech to be delivered Monday. "[Gradually] raising interest rates to bring monetary policy back to normal helps us keep the economy growing at a rate that can be sustained for a longer time," he said in the speech, which will be given in Australia. "If we delay too long, the economy will eventually overheat, causing inflation or some other problem. At some point, that would put us in the position of having to quickly reverse course to slow the economy."

2:34 a.m. Today
Trump optimistic on health bill: ‘I think we’re going to get it’

President Donald Trump said he expects to see passage of the Senate Republican’s health care bill as negotiations proceed with the GOP lawmakers who have withheld support.

5:02 p.m. June 25, 2017
Support for health-care bill still lacking as GOP senators express wariness

Several Republican senators on Sunday expressed reluctance to support their party’s latest health-care bill, adding to the uncertainty about whether some form of the legislation would be able to pass the chamber soon.

4:21 p.m. June 25, 2017
Why the Fed’s opportunistic tightening campaign could be a hawkish mistake

Pimco’s Joachim Fels gives a glimpse into the debate within the giant fund manager about the Federal Reserves’s thinking.

12:55 p.m. June 24, 2017
Donald Trump may finally have gone too far

To almost half of America, Trump apparently can do no wrong. But tolerance has its limits, and the president’s latest offense is pushing them.

6:38 p.m. June 23, 2017
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