Health care plan is dead, where’s Preet Bharara?
Trump’s health care plan is dead. Sometime we wish we could turn back the clock and put former US Attorney Preet Bharara in charge of revealing who’s lied more between his mentor Senator Schumer and president Trump. In a dog fight over Trump’s health care plan, both sides spin, lie and mislead America.
If you believe that America’s greatness was built on the concept of incremental policy movements built on compromises – then you are likely troubled that as of late it seems like both sides of the political spectrum consistently retreat to their respective wings and therefore seem to perpetually advocate binary choices (i.e., you’re either with us or against us) that result in policy that flip flops with whoever is in power.
We have said before that President Trump is the wrong answer to the right question of compromise.
and after the failure of the Health Care legislation it appears that he may be trying to be the disruptor that he campaigned as – however, much to the concern of establishment Republicans that might require the President to work with Democrats. With the funding of the government quickly running out – conveniently set to expire on the President’s symbolic 100th day in office – he is being presented an opportunity to show his willingness to compromise and put a ribbon his first legislative victory. Let’s see if he takes it.
Here’s what’s happening DC that could affect all of you.
- Much of Washington will be focused on the Senate floor this week, as the Gorsuch nomination for the Supreme Court and Leader McConnell’s promise that he will be confirmed by Friday will be at the forefront. The underlying question is whether one of the last vestiges of the filibuster for nominations is annihilated through the utilization of the nuclear option.
- There will be two financial services bills on the House Floor this week. The first (R. 1343) would double the threshold at which companies are required by the Securities and Exchange Commission (SEC) to disclose their employee stock options. Another measure (H.R. 1219) is designed to bolster business investment by allowing up to 250 people invest in a venture capital fund before the fund would have to register with the SEC. Both measures were passed out of committee with significant Democratic support.
- The House Financial Services Committee has a jammed schedule, with multiple hearings this week, including one where the full Committee will hear from CFPB Director Cordray.
- The Senate Banking Committee is expected to vote on Wall Street lawyer Jay Clayton’s nomination to the Securities and Exchange Commission on Tuesday. Democrats are largely opposed to the nomination over his past ties to large financial firms and inexperience in corporate prosecutions.
- The smell of jet fuel and a two-week recess will weigh heavily on all voting members of the Congress (and their staffs)