The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Delta warned travelers that a technical problem could delay flights on Wednesday.Airlinesread more
The Fed chief said that despite reports that Trump was looking to demote or fire him, he doesn't plan on leaving anytime soon.The Fedread more
If the Trump administration and Congress fail to reach a spending agreement, the White House will offer to keep the government funded at its current levels for a year, Mnuchin...Politicsread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
Investors need to be cautious because the economy will get hurt the longer the trade war drags on, Jim Cramer says.Mad Money with Jim Cramerread more
Slack Technologies' reference price was set at $26 per share, the New York Stock Exchange announced Wednesday evening.Technologyread more
With the Federal Reserve deciding not to cut interest rates but leaving the door open for future cuts, experts are split on what comes next.Trading Nationread more
Three Republican senators who voted to block their party's latest Obamacare repeal plan called Friday for a bipartisan fix for insurance markets.
Sens. Susan Collins, R-Maine, Sen. Lisa Murkowski, R-Alaska, and John McCain, R-Ariz., said they still wanted to revamp the American health-care system to reduce costs and stabilize markets in pockets of the country. But they urged Senate leaders to take up an approach with both parties, rather than the Republican-only effort that characterized the various pushes to repeal or replace parts of the Affordable Care Act in recent weeks.
"Neither party has a monopoly on good ideas, and we must work together to put together a bipartisan bill that fixes the flaws in the ACA and works for all Americans," Collins said, in a statement.
McCain, whose vote early Friday appeared to come as a surprise to GOP leaders, added that he wants the Senate to "return to regular order with input from all of our members — Republicans and Democrats — and bring a bill to the floor of the Senate for amendment and debate."
Murkowski, the third GOP senator who voted to sink the proposal by a 49-51 margin, said in a statement later Friday that she's still committed to reforming the Affordable Care Act, with a focus on reducing costs and boosting access to care.
"I stand ready to begin work with my colleagues – all of them – to reform healthcare in a more open process," she said.
Those three votes can block Republicans' hopes of passing any plan with a majority vote without Democratic support. They appear to have sworn off, at least for now, a GOP-only approach to replacing the landmark health-care law.
Collins and Murkowski voted earlier this week against even starting debate on options to repeal Obamacare. McCain supported that measure the day he returned to the Senate after getting diagnosed with brain cancer but early Friday helped to sink the plan that several Republican senators said they would only support under the condition that it would not become law.
The broader GOP willingness to cooperate on health-care with Democrats remains unclear.
After the vote Friday, Senate Majority Leader Mitch McConnell said it will be "interesting to see what [Democrats] suggest is the way forward."
Senate Minority Leader Chuck Schumer then said he hoped it marked a moment that would encourage the Senate to work through its regular process.