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WASHINGTON (MarketWatch) — President Donald Trump said Thursday his administration would be submitting a health care proposal in March. Trump campaigned on repealing and replacing the Affordable Care Act. He said a health care plan would come before tax reform.
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WASHINGTON (MarketWatch) — President Donald Trump said Thursday his administration would be submitting a health care proposal in March. Trump campaigned on repealing and replacing the Affordable Care Act. He said a health care plan would come before tax reform.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Gold futures climbed Thursday to finish at their highest level in more than three months. Weakness in the U.S. dollar and equities and a decline in Treasury yields combined to lift investment demand for the metal. April gold rose $8.50, or 0.7%, to settle at $1,241.60 an ounce, the highest finish for a most-active settlement since Nov. 10, according to FactSet data.
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WASHINGTON (MarketWatch) — President Donald Trump said Thursday he has asked the Justice Department to probe leaks from his administration to the media. “We are looking into that very seriously. It’s a criminal act,” Trump said at a White House news conference.
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WASHINGTON (MarketWatch) — For the first time, President Donald Trump articulated the reasons he accepted the resignation of Mike Flynn as head of the National Security Council. Trump said it was because of how Flynn recounted his conversation with the Russian ambassador to Vice President Mike Pence, and Flynn’s later account that he couldn’t remember. Trump added that another reason he accepted Flynn’s resignation is that he had someone in mind to replace him.
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At a rambling press conference ostensibly to announce the new nominee to be labor secretary, Alexander Acosta, President Donald Trump falsely stated the magnitude of his Electoral College victory as he recounted his post-election actions and called his cabinet a “fine-tuned machine.” He called the victory the largest since Ronald Reagan, but Barack Obama and Bill Clinton twice topped the 304 Electoral College votes Trump received, as did George H.W. Bush. Trump said he will unveil a new executive order next week “to protect our people.”
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House Speaker Paul Ryan said Thursday that Republicans plan to introduce legislation for the repeal and replacement of the Affordable Care Act after Feb. 20, or President’s Day. The House of Representatives’ first day back in session is Feb. 27, according to its calendar. The timing is this way because “we’re waiting for our scores” from the Congressional Budget Office and the Joint Committee on Taxation, Ryan said. “Pending our drafting issues, we’re going to be bringing it out after the… district work period,” or the period between Feb. 21 and Feb. 24 during which representatives are supposed to travel home for constituent issues. Ryan did not elaborate during Thursday’s press conference about the details of the replacement plan, but his statement comes in contrast with reports from a Philadelphia retreat last month that Republican lawmakers could not agree on the plan’s specifics. Ryan’s announcement this week comes on the heels of a Humana announcement that the company plans to withdraw from the ACA’s exchanges and a Wednesday statement by Aetna Chief Executive Officer Mark Bertolini that the health law was in a “death spiral.”
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Alexander Acosta, a former U.S. attorney and National Labor Relations Board member, will be President Trump’s nominee to be labor secretary, NBC News and Reuters reported. Trump’s original pick for the job, Andrew Puzder, withdrew his name from consideration on Wednesday.
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WASHINGTON (MarketWatch) — At a meeting with congressional Republicans, President Donald Trump said he will name a nominee to replace Andrew Puzder, who withdrew as Trump nominee to head the Labor Department on Wednesday. Trump also said leakers will be found and will “pay a big price,” a reference to those who told the press about the calls that national-security adviser Michael Flynn had with the Russian ambassador.
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WASHINGTON (MarketWatch) – The Senate confirmed Mick Mulvaney as President Donald Trump’s choice to run the Office of Management and Budget in a narrow 51-49 vote. Sen. John McCain was the lone Republican to vote against Mulvaney owing to efforts by the former congressman to cut military spending and pare down the deficit. The OMB director plays a big role in advising the White House on spending and other financial matters.
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