Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champions initially had kept him in the face of a rape claim,...Sportsread more
The Wall Street Journal's report came as a top Ukraine official said President Donald Trump "is looking" for Ukraine officials to investigate business dealings of Biden's son...Politicsread more
A tour bus carrying Chinese-speaking tourists crashed near a national park in southern Utah, killing at least four people and critically injuring up to 15 others, authorities...U.S. Newsread more
Gun maker Colt announced Thursday that it will halt its production of AR-15 rifles for civilian sales, but the news might not be as exciting for gun control advocates as it...Guns and Weaponsread more
As thousands of people across the world participate in the Global Climate Strike, several Democratic presidential candidates have shared how they will take aggressive action...Scienceread more
The early Healthcare.gov access has been a "miserably frustrating experience for way too many Americans," Health and Human Services Secretary Kathleen Sebelius said Wednesday, apologizing for those frustrations.
"I don't think anyone ever estimated the degree to which we've had problems in the system," she said in sworn testimony before a House committee.
Many Republicans have called for her resignation, which she has so far resisted.
She also acknowledged that the frustration wasn't just among consumers—insurers have been left hanging by the site's problems.
"I would tell you right now it's not reliable data. According to the insurance companies who are eager to have customers, they are not getting reliable data all the way through the system," Sebelius said.
Sebelius told the House Energy and Commerce Committee she's accountable for fixing the problems—by the end of November.
"Michelle Snyder is not responsible for the debacle, hold me responsible for the debacle," Sebelius said, resisting efforts to assign blame to Snyder, the chief operating officer for the Centers for Medicare & Medicaid Services.
She added that the system is getting better by the day.
But as the hearing got underway, consumers trying to log in from Virginia got this message: "The system is down at the moment."
"The website has never crashed. It is functional but at a very slow speed and very low reliability," Sebelius acknowledged.
On Tuesday, Medicare chief Marilyn Tavenner was questioned for nearly three hours by members of the House Ways and Means Committee who wanted to know why so many of their constituents were getting cancellation notices from their insurance companies.
"So what happened to the `If you like your insurance, you can keep it' question?" asked Rep. Dave Camp, R-Mich., chairman of the Ways and Means Committee.
Camp was referring to one of Obama's earliest promises about the health law: You can keep your plan if you like it. Obama's promise dates back to June 2009, when Congress was starting to grapple with overhauling the health care system to cover uninsured Americans.
As early as last spring, state insurance commissioners started giving insurers the option of canceling existing individual plans for 2014, because the coverage required under Obama's law is significantly more robust. Some states directed insurers to issue cancellations. Large employer plans that cover most workers and their families are unlikely to be affected.
The law includes a complicated "grandfathering" system to try to make good on Obama's pledge. It shields plans from the law's requirements provided the plans themselves change very little. Insurers say it has proven impractical. The cancellation notices are now reaching policyholders.
Tavenner blamed insurance companies for cancelling the policies and said most people who lose coverage will be able to find better replacement plans in the health insurance exchanges, in some cases for less money. Change is a constant in the individual insurance market, she added, saying that about half of plans "churn" over in any given year.