Sens. Rand Paul, R-Ky.; Mike Lee, R-Utah; Ted Cruz, R-Texas; and Ron Johnson, R-Wis., said in a joint statement that they do not support the current version of the Senate health care bill, arguing that it does not do enough to unravel the structure of the Affordable Care Act, but they expressed willingness to negotiate. Republican leaders can only afford two defections from their party and still pass the bill.
Are you concerned by the concentration of wealth in the US?
A news report earlier this week showed how high-income Americans are accumulating more and more US private wealth, and that has a large majority of this week's poll participants concerned. At the same time, a Gallup poll this month showed significantly more Americans identifying as upper-middle and middle class than five years ago, indicating a confidence in the economy. New poll Monday.
Regulators testifying before the Senate banking committee supported easing and simplification of rules recommended in the Treasury Department's review of post-crisis regulation. While Federal Reserve Governor Jerome Powell advocated an exemption from the qualitative portion of stress tests for banks with high-quality capital planning, acting Comptroller of the Currency Keith Noreika called for streamlining and simplifying the Volcker rule.
Republican leaders in the Senate released the "discussion draft" of their health care bill, the Better Care Reconciliation Act of 2017, Thursday that would revise the Affordable Care Act. Jon Greenberg explains what changes the bill contains, with details of the cuts to Medicaid, elimination of taxes and calculation of subsidies.
1989 earthquake in San Francisco (Otto Greule Jr/Getty Images)
The US Geological Survey sent an email alert to subscribers this week to report a magnitude-6.8 earthquake in California, leading media outlets to tweet automated alerts, but the USGS said a software bug caused the false alarm during maintenance. "The quake did happen, but it happened in 1925," said Rafael Abreu, a USGS geophysicist.