Congressional Climate August 15th, 2017
Video of the Day
President Trump Participates in Workforce Apprenticeship Discussion
Today’s Hill Action
Senate Floor Schedule
Floor Action. 4:30pm.
House Floor Schedule
Floor Action. 9:30pm.
Looming debt limit fights rattle Wall Street
Wall Street is nervous that political deadlock in Washington and a looming debt ceiling fight could lead to the unthinkable this year: a US debt default.
“Washington has not been able to get a single thing of substance thing done since this Congress was established, so given that, there are a lot of reasons to be nervous that they won’t get it done,” said Mark Zandi, chief economist at Moody’s.
“I think it’s important to be on high alert. I don’t think I’m on DEFCON 1 yet, but I’m on the scale,” he added
House conservatives hope to revive Obamacare repeal vote.
Conservatives in the House hope to revive the failed effort to gut the Affordable Care Act with a long-shot drive to force Speaker Paul D. Ryan (R-Wis.) to hold a vote to simply repeal the health-care law without a replacement.
Members of the conservative House Freedom Caucus want to seize control of the health-care debate by petitioning Republicans to hold a vote on a version of a repeal bill that passed the House in 2015. Conservatives say they believe a repeal measure can pass without a replacement, despite warnings from Ryan and other leaders that the votes aren’t there. The long-shot effort gained momentum last week with support from influential outside groups.
Conservatives said Friday that nearly every House Republican has voted to repeal the ACA in the past – and should be challenged to cast the same vote again. The strategy they are using requires that a majority of the 434 members of the House sign a petition calling on Ryan to bring the bill to the floor. No Democrats are expected to sign the document, meaning that conservatives would have to win support from all but 22 of the 240 House Republicans.
DeVos drops pan to overhaul student loan servicing
Education Secretary Betsy DeVos on Tuesday abandoned her plan to overhaul how the federal government collects payments from the nation’s more than 42 million student loan borrowers after it faced growing resistance from congressional Republicans and Democrats.
The Trump administration announced that it was scrapping plans to award a massive contract to a single company to manage the monthly payments of all student loan borrowers, and said it would come up with a new proposal aimed at improving customer service for student loan payments.
“By starting afresh and pursuing a truly modern loan servicing environment, we have a chance to turn what was a good plan into a great one,” DeVos said in a statement.
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