House Told to Accept Changes or Live With Obamacare

March 24, 2017 Share Print 0

House GOP leaders are hurtling toward a vote Friday on their embattled health-care bill without knowing for sure they have enough support to pass the measure, after yielding to Trump administration demands to act now.

If the high-stakes gamble works and the House manages to pass the Obamacare replacement bill, it will be an important win for President Donald Trump and House Speaker Paul Ryan who have formed an uneasy alliance to repeal the health care law.

But if the measure is blocked, it will be an embarrassing setback that casts doubt on the ability of Trump and Ryan to deliver on their ambitious agenda, including a sweeping tax overhaul and infrastructure package, both of which are being closely watched by Wall Street.

Bloomberg

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Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA

Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.