Senate Prepares Healthcare Vote; Fed Cuts Rates by a Quarter Point | NTD Good Morning (Dec. 11)
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The Senate, is preparing to vote on two healthcare bills today. One bill is a clean extension of the Obamacare tax subsidies for the next three years. The other bill is a plan that would take the money granted to the subsidies and put them into health savings accounts to help Americans pay out-of-pocket health costs. The U.S. House of Representatives, meanwhile, passed a massive $901-billion defense policy bill on Wednesday. The bill now heads to the Senate before heading to President Trump's desk.
The Federal Reserve has approved a quarter-point rate cut in a divided vote. Chair Jerome Powell called the move a close call. President Trump criticized the cut as too small and said higher rates are holding back the economy. Trump is weighing potential candidates to replace Powell when his term ends in May.
President Trump has officially launched his new immigration “Gold Card” offering a fast-track U.S. residency for non-citizens who donate $1 million and pass vetting. The announcement comes as the administration also moves to tighten the Visa-Waiver Program. Travelers from 42 countries would be required to submit five years of social media history and other personal data.
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