Home prices in April were 3.5% higher than a year earlier, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index.Real Estateread more
Allergan shareholders will receive 0.8660 AbbVie shares and $120.30 in cash for each share held, for a total value of $188.24 per Allergan share.Biotech and Pharmaceuticalsread more
Investors are piling into gold, sending the precious metal to a six-year high on Monday, and analysts think the commodity has established a base to go even higher.Marketsread more
The Conference Board, a business research group, on Tuesday released the June update for its consumer confidence index.Economyread more
The Congressional Budget Office estimated Tuesday that the national debt will rise to 141% of the economy over the next 30 years — 11 percentage points lower than the agency...Economyread more
Amazon announces that Amazon Prime Day will last for two days, starting July 15.Technologyread more
Joe Biden could face some uncomfortable questions about his record on women this week at the first Democratic presidential debates in Miami.2020 Electionsread more
Gold prices hit their highest level in six years on Tuesday as investors plowed into the precious metal amid the prospects for lower interest rates, a softer global economy...Marketsread more
FedEx sued the U.S. to block it from enforcing rules requiring it to police packages coming into the U.S. that may pose a threat to national security — placing the shipping...US Marketsread more
FedEx heads into Tuesday afternoon's earnings deep in a bear market. A failure to deliver could mark a massive buying opportunity.Trading Nationread more
"What else do you have to do that will actually have to affect the Iranians' calculus?" said Amos Hochstein, who served as U.S. special envoy for international energy affairs...World Politicsread more
CBO scores? We don't need no stinkin' CBO scores!
Republicans aim to pull off a vote on their controversial Obamacare replacement bill in the House on Thursday, before the revised legislation is fully analyzed by the Congressional Budget Office.
"We're going tomorrow, yes we are," House Majority Leader Rep. Kevin McCarthy said Wednesday. He added that he believes Republicans have the votes for passage.
That dash to get the bill out of the House and over to the Senate likely reflects an expectation that the CBO would, for the second time in as many months, offer a grim outlook on the effects of the bill.
In March, when it analyzed an earlier version of the bill, the nonpartisan CBO found that it would result in 24 million more people becoming uninsured by 2026 than would be the case if Obamacare remained intact as is.
The CBO also estimated that premiums for individual health plans next year and in 2019 would on average be 15 to 20 percent higher than what they would be under Obamacare.
However, since then, a series of revisions were made, and the CBO has not analyzed the bill with those changes.
The latest revisions would potentially affect how much people with pre-existing health conditions are charged for their insurance coverage.
Republican leaders, who so far have held off holding a vote because they have been unable garner enough support for it within their own caucus, now believe they are close to securing enough "yes" votes.
Pelosi issued a statement saying that no vote on "Trumpcare" should take place without an updated CBO score.
"Republicans are clearly terrified of their members and the American people seeing the full consequences of their plan to gut critical protections for Americans with pre-existing conditions," Pelosi said.
"As then-Ranking Member Paul Ryan wrote to the director of the CBO in 2009, 'Before Congress changes health care as the American people know it, we must know the likely consequences' of the legislation, " Pelosi said.
"Democrats wholeheartedly agreed, and at every point in the process of passing the Affordable Care Act, we ensured an up-to-date CBO estimate was available for the legislation being voted on. Now, House Republicans are hoping to bring the latest version of Trumpcare to the Floor before the CBO can reveal its catastrophic impacts on millions of American families. "
She added, "The American people have a right to know the full consequences of Trumpcare before their representatives vote on it."