Reuters - Video

Edition: US | UK | IN | CN | JP

video Video

Trump struggles to win Obamacare repeal

Thursday, March 23, 2017 - 01:14

U.S. President Donald Trump made a final push on Thursday to win over skeptical members of his own Republican Party to begin dismantling Obamacare. Fred Katayama reports.

▲ Hide Transcript

View Transcript

Investors are closely watching U.S. President Donald Trump's push to tear down Obamacare. The vote in the House of Representatives will test his ability to deliver on his pro-business agenda, including tax cuts and infrastructure spending. Trump's pro-business promises had sent U.S. stocks higher since his election to the White House. But now investors worry whether Trump is able to bring them to fruition. That fear slammed stocks on Tuesday. A&G Capital's chief investment officer Hilary Kramer says the healthcare bill Trump backs doesn't stand a chance. (SOUNDBITE) HILARY KRAMER, CHIEF INVESTMENT OFFICER, A&G CAPITAL, (ENGLISH) SAYING: "It's just a no-win, because no matter what happens in the House, that bill, that healthcare bill just had to be too conservative for the House. The Senate will never be able to pass that bill. There's just too many on the left senators, so it's a no-win, which means it's a no support for Trump which means that that Trump trade is starting to unwind." Trump faces opposition in his own Republican party over the bill formally known as the American Health Care Act. The nonpartisan Congressional Budget Office says 14 million people would lose medical coverage under the new bill by next year, and 24 million by 2026.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Trump struggles to win Obamacare repeal

Thursday, March 23, 2017 - 01:14