Social Issues

With Americans now "stuck with Obamacare for the foreseeable future", attention shifts to Trump's next agenda item: tax reform.

This was confirmed by none other than the President himself who moments ago said that "Republicans will probably work on tax reform now." To be sure, following today's embarrassing fiasco, Trump will be eager to move on to a law which will be easier to pass, and according to market consensus, tax reform is precisely that. Alas, consensus may once again be wrong.

During his 1928 election campaign, President Herbert Hoover defined the 'American Dream' as "a chicken in every pot and a car in every garage."  And while the chickens and cars (courtesy of a massive subprime auto loan bubble) don't seem to be much of a problem these days, for Americans in over half of the largest cities in the country, owning a home is.

Following two days of utter chaos in Washington D.C., the Republicans in the House have finally called it quits and laid to rest, at least for now, efforts to repeal and replace Obamacare.  The bill was pulled shortly before voting was set to begin at 3:45PM EST.

As the fate of TrumpCare hangs in the balance, Sean Spicer will take the stage momentarily to tackle questions from the press on the latest developments.  For the latest updates on this afternoon's vote see our post here.

And some udpates:

Buy the dip?

According to Predictit.com, the odds of the healthcare bill passing today has plunged to 13%

It was as high as almost 50% late yesterday...

Source: Predictit.com