Puerto Rico’s Governor: Hurricane Maria Is ‘An Unprecedented Storm’

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Today’s Hill Action
Senate Floor Schedule
The Senate convened at 8:30 a.m. for a pro forma session.

Committee Hearings
No committee hearings scheduled.

House Floor Schedule
None.

Committee Hearings
No committee hearings scheduled.

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Insurers are scrambling to keep up with ObamaCare drama

Insurance companies blindsided by the Senate GOP’s decision to pull the plug on bipartisan talks and move forward again with ObamaCare repeal are scrambling to figure out how to move forward.

The death of the bipartisan push leaves them with no clear way to shore up fragile marketplaces ahead of the 2018 enrollment season, which begins Nov. 1.

The new ObamaCare repeal bill may get a Senate vote next week.

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Federal Reserve bullish on U.S. economic growth

In a vote of confidence in the U.S. economy, the Federal Reserve said Wednesday it will start next month to pull back some of the massive support it has provided since the financial crisis, allowing some of its more than $4 trillion in assets to mature without being replaced.

Central bank policymakers also held firm to their message that they will hike interest rates once more this year — despite lowered expectations for core inflation — and three more times in 2018.

Indeed, the Fed is more optimistic about economic growth this year than it was in June, predicting GDP will grow by 2.4 percent, compared to its previous projection of 2.2 percent.

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Senate girds for final Obamacare repeal vote

The Senate will vote next week on the latest bill to repeal Obamacare — but the outcome is anything but certain.

Senate Majority Leader Mitch McConnell (R-Ky.) plans to put a bill written by Sens. Lindsey Graham (R-S.C.) and Bill Cassidy (R-La.) to a vote, hoping that a looming Sept. 30 deadline to pass the bill with just 50 votes will create enough pressure to finally pass a repeal of the health care law, his office said.

“It is the leader’s intention to consider Graham/Cassidy on the floor next week,” a spokeswoman said.

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