AG Jeff Sessions Testifies Senate Judiciary Committee Oversight Hearing

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Today’s Hill Action
Senate Floor Schedule
9:30 a.m.: Convene and resume consideration of H.Con.Res.71, establishing the congressional budget for the United States Government for fiscal year 2018 and setting forth the appropriate budgetary levels for fiscal years 2019 through 2027.

Committee Hearings
Health, Education, Labor, and Pensions
9:30am – SD-430

Homeland Security and Governmental Affairs
10:00am – SD-342

Judiciary
10:00am – SH-216

Foreign Relations
2:30pm – SD-419

Homeland Security and Governmental Affairs
Subcommittee on Federal Spending Oversight and Emergency Management
2:30pm – SD-342

House Floor Schedule
None.

Committee Hearings
No committee hearings scheduled.
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Trump reverses course, indicates opposition to ObamaCare deal

President Trump on Wednesday suggested he will oppose a bipartisan deal to help stabilize ObamaCare, reversing comments he made one day earlier.

Trump wrote on Twitter that he was “supportive” of the deal’s architect, Senate Health Committee Chairman Lamar Alexander (R-Tenn.), as well as the Senate process, but said he would “never support bailing out” insurance companies, saying they “have made a fortune” under ObamaCare.

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Mnuchin: Tax reform failure would hurt stock market

Treasury Secretary Steven Mnuchin said if Congress fails to pass a bill overhauling the tax code, Wall Street will suffer.

“There is no question that the rally in the stock market has reasonably based into it reasonably high expectations of us getting tax cuts and tax reform done,” Mnuchin in an interview with a Politico podcast released Wednesday. “It also has based into it optimism on regulatory relief which they’ve begun to see and there’s expectations.

“So I think to the extent we get the tax deal done, the stock market will go up higher. But there’s no question in my mind if we don’t get it done, you’re going to see a reversal of a significant amount of these gains.”

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Schumer: Trump doesn’t understand ObamaCare payments deal

Senate Minority Leader Charles Schumer (D-N.Y.) ripped President Trump’s comments on a bipartisan deal to extend key ObamaCare payments to insurers, arguing he doesn’t understand the agreement.

“Frankly the president doesn’t know what he’s talking about in the compromise. … The president ought to know what he’s talking about when he tweets about bills. Because on this one he had no understanding of what it’s about,” Schumer said from the Senate floor.

He added, “This president keeps zigging and zagging so it’s impossible to govern.”

Trump tweeted on Wednesday morning that he “can never support bailing out [insurance companies] who have made a fortune w/ O’Care.”

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