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April 10, 2017 9:00 AM Republicans Now Control Obamacare. Will Your Coverage Change?

Though they failed to mobilize Congress to repeal the Affordable Care Act last month, Paul Ryan (R-Wis.) (right), Kevin McCarthy (R-Calif.) and the White House could still undercut the insurance exchanges, reduce Medicaid benefits and let states limit coverage of birth control or prenatal visits. The Affordable Care Act's worst enemies are now in charge 47

April 7, 2017 1:26 PM U.S. job growth cools, unemployment rate falls to 4.5 percent

WASHINGTON U.S. job growth slowed sharply in March amid continued layoffs in the retail sector, but a drop in the unemployment rate to a near 10-year low of 4.5 percent suggested the labor market was still tightening. Nonfarm payrolls increased by 98,000 jobs last month, the fewest since last May, Labor Department said on Friday. Job gains, which had exceeded 81

April 5, 2017 10:03 PM House Republicans are still split on health care after meeting with Mike Pence

WASHINGTON -- The Trump administration and Republican lawmakers plan to continue their uphill effort to exhume the House GOP’s health care bill, but remain adrift and divided over how to reshape it to attract enough votes to muscle it through the chamber. White House officials and leading legislators aimed to resume talks Wednesday. Late Tuesday, they failed 41

March 29, 2017 5:29 AM Asia stocks up with dollar, sterling cold shouldered on Brexit day

SYDNEY Asian shares inched ahead on Wednesday while the dollar and commodities held gains as investors shook off disappointment about U.S. President Donald Trump's failed healthcare bill and focused on an improving outlook for global growth. The good cheer did not extend to the pound which was on the skids as the British government sent a letter to Brussels 78

March 23, 2017 8:06 AM Republican health bill would widen America’s big wealth gap

WASHINGTON — House Republicans’ health care bill provides massive tax cuts to the wealthy while increasing taxes for many lower income families, adding to America’s big income gap between the rich and everyone else. Over the past quarter century, only one group of people has seen significant increases in income — those at the very top. Families in the middle 48

March 20, 2017 6:56 PM Trump to visit Capitol Tuesday, urge House Republicans to vote for health bill

President Trump will come to Capitol Hill on Tuesday morning to address a private meeting of House Republicans in a bid to secure passage of the GOP’s health-care overhaul later in the week. Trump’s visit to the party gathering, confirmed by two GOP aides, comes as House Speaker Paul D. Ryan (R-Wis.) and other Republican leaders put the finishing touches 74

March 16, 2017 10:25 PM Capitol Hill Republicans not on board with Trump budget

Some of President Trump’s best friends in Congress sharply criticized his first budget Thursday, with defense hawks saying the proposed hike in Pentagon spending wasn’t big enough, while rural conservatives and others attacked plans to cut a wide range of federal agencies and programs. The bad mood among Republican critics was tempered by a consensus 60

March 16, 2017 10:24 AM How Fed hike will affect mortgages, car loans, credit cards

WASHINGTON — Are mortgage rates going up? How about car loans? Credit cards? How about those nearly invisible rates on bank CDs — any chance of getting a few dollars more? With the Federal Reserve having raised its benchmark interest rate Wednesday and signaled the likelihood of additional rate hikes later this year, consumers and businesses will feel it — if not immediately 75

March 16, 2017 7:30 AM Fed rate moves could spell end to Asian easing

SINGAPORE The long cycle of falling interest rates in Asia could be over after the U.S. Federal Reserve's third rate rise in 15 months was followed quickly by monetary tightening in the world's second-biggest economy, China. The Fed's widely anticipated rise of 25 basis points on Wednesday was also only its third since the global financial crisis, having 68

March 16, 2017 7:21 AM Gold Seen Climbing as Yellen Sets Scene for Negative Rates

Gold will rise after the Federal Reserve pledged to stick to its gradual pace of tightening as negative real interest rates deepen and weigh on the dollar, according to Wayne Gordon, executive director for commodities and forex at UBS Group AG’s wealth management unit. The Fed raised rates by a quarter percentage-point Wednesday, and policy makers penciled 66