FROM Ed Mierzwinski
Political Gridlock and the Fight over the Consumer Watchdog Agency Political gridlock is pushing Washington closer to financial catastrophe if the two parties can't agree to raise the debt ceiling by August 2. Now there's potential gridlock over implementing last year's finance reform , passed by the Democrats when they controlled both houses. This year, Republicans are hell-bent to change it. Harvard Professor Elizabeth Warren is out as head of the new Consumer Financial Protection Bureau , so President Obama has nominated Ohio's Attorney to run the new agency. But Richard Cordray has to be confirmed by the Senate, and the GOP says he, too, is " dead on arrival ." They're demanding that a board, instead of a single director, run the new agency and that funding come from Congress rather than the Federal Reserve.
Political Gridlock and the Fight over the Consumer Watchdog Agency The debt ceiling and deficit aren't the only issues subject to partisan gridlock in Congress. Last year, with majorities in both houses of Congress, Democrats passed finance reform . This year, Republicans are hell-bent to change it. One controversial element is the new Consumer Financial Protection Bureau , which was given more power than Republicans wanted. President Obama has nominated Ohio's former Attorney General to run it. But the consumer advocate has to be confirmed by the Senate, and Republican Jerry Moran of Kansas, says Richard Cordray is " dead on arriva l." It's another example of political polarization in Washington: major bills might pass on party-line votes, but then lack the support required for implementation. Is divided government creating an atmosphere of perpetual gridlock? Is that making Washington unable to govern at all?
House Republicans release their Obamacare replacement As two House committees take up "repeal and replacement" of "Obamacare," there may be life left in the Affordable Care Act after all. Even Republicans are divided, and proposed changes won't make good on President Trump's promise to provide "health insurance for everybody."
Trump's travel ban and the long-term agenda The Trump Administration's revised travel ban may be good news for some visa holders and others, but it's still being challenged as unconstitutional. Some reporters call it the beginning of a long-term effort to change the demographic make-up of the United States.
CBO: Under GOP plan, millions will lose coverage Republicans are divided and Democrats are saying, "we told you so," when it comes to official estimates of what it will cost to repeal and replace Obamacare. The Trump White House says the Congressional Budget Office is just wrong.
Trump reversing Obama's climate change legacy President Trump has vowed, in his words, to "turn the EPA from a job-killer into a job-creator," and today, he's announcing his order for "energy independence." We look at the prospects for putting his promises into effect by ripping up the Obama legacy on climate change.