Health Care Defeat Rattles Markets in Sign of Loss of Confidence in Trump

by Dramelin 8:30 PM 0 comments

"Play FacebookTwitterEmbed Mulvaney: D.
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`a Lot More Broken` Than Trump Thought 1:04 autoplay autoplay Copy this code to your website or blog"Is the Republican Party capable of governing? "There is a widespread perception that failure to pass the health care bill somehow derails the rest of the Trump agenda," said Tom Porcelli, chief U.
S.
economist at RBC Capital Markets.
The withdrawal of the Republican health care bill was blamed for sharp drops Monday morning in a number of leading U.
S.
economic indicators, including the dollar`s drop to nearly a two-month low.
Traders said the market was divided on what the failure of Trump`s health care bill meant for the outlook for tax cuts and infrastructure spending.
The inability to overhaul the U.
S.
health care system, a major campaign promise of President Donald Trump and his allies, marked a significant setback for the president in a Congress controlled by his own party.