President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
The American Medical Association on Tuesday urged the Senate to reject the last-ditch Republican bill that would repeal and replace key parts of Obamacare, saying it would cause "millions" of Americans to lose affordable health insurance coverage.
Also weighing in against the Graham-Cassidy bill was the National Council for Behavioral Health, which represents more than 2,000 mental health and addiction treatment groups.
"This bill may go by a different name than previous efforts to reshape the health care system, but it maintains—and even worsens—the devastating provisions from those bills that led to a massive constituent outcry earlier this summer," said Linda Rosenberg, president and CEO of the NCBH.
"It's the same pig with different lipstick," Rosenberg said.
The moves by the AMA — the largest physicians' lobbying group — and the NCBH came a day after a group of 16 organizations which represent patients and medical providers lined up to oppose the so-called Graham-Cassidy bill, as did the Association for Community Affiliated Plans, a group of health insurance providers.
"Similar to proposals that were considered in the Senate in July, we believe the Graham-Cassidy Amendment would result in millions of Americans losing their health insurance coverage, destabilize health insurance markets, and decrease access to affordable coverage and care," wrote AMA Executive Vice President and CEO Dr. James L. Madara in a letter to Senate Majority Leader Mitch McConnell, R-Ky., and Minority Leader Chuck Schumer, D-N.Y.
""We sincerely urge the Senate to take short-term measures to stabilize the health insurance market by continuing to fund cost sharing reduction payments," Madara wrote.
Those CSR payments reimburse insurers for discounts to out-of-pocket health charges they must offer by law to millions of Obamacare customers. The Trump administration has threatened to stop paying those funds to insurers, which has led to higher proposed premiums for 2018.
The 16 other groups in a signed statement said Graham-Cassidy "will negatively impact patients' access to adequate and affordable health coverage and care."
"This bill would limit funding for the Medicaid program, roll back important essential health benefit protections, and potentially open the door to annual and lifetime caps on coverage, endangering access to critical care for millions of Americans," the groups said.
"Our organizations urge senators to oppose this legislation."
The groups include the American Cancer Society Cancer Action Network, the American Diabetes Association, the American Heart Association, the American Lung Association, the Arthritis Foundation, the National Health Council and the March of Dimes.
In their statement, the organizations said they strongly supported bipartisan legislation that would stabilize the individual health insurance market, as a committee led by Sen. Lamar Alexander, R-Tenn., has been considering.
The statement comes days after AARP, the powerful lobby group representing older Americans, came out against Graham-Cassidy, as it has against prior Republican Obamacare repeal legislation.
GOP leaders who want to pass Graham-Cassidy face a Sept. 30 deadline for final approval of the bill because the legislation is being fast-tracked through a process known as budget reconciliation.
The Senate parliamentarian has ruled that the budget resolution that authorized passage of Obamacare repeal through reconciliation expires at the end of September.
Republicans, who hold a 52-seat majority in the Senate, need at least 50 GOP senators to vote for the bill for it to win passage. No Democrat or independent is expected to support the legislation.
On Tuesday, Alaska Gov. Bill Walker said he had concerns about how the bill would affect Medicaid, the joint federal-state health coverage program for primarily poor people.
"Given Alaska's current fiscal challenges, any proposal to shift federal costs to the states would likely result in drastic cuts to our Medicaid program," Walker said, according to the Fairbanks Daily News-Miner.
The governor said he believed states should have a chance to comment on how Graham-Cassidy could affect health care for their residents, according to the newspaper.
Alaska's senators include Lisa Murkowski, one of three Republicans whose opposition to a prior Obamacare repeal bill led to its defeat in a vote in late July. The other two were Susan Collins of Maine, and John McCain of Arizona.
Murkowski has not yet said if she will vote for or against Graham-Cassidy. But on Monday she said she has a "number of concerns" about the bill.
According to the News-Miner, Alaska's other senator, Republican Daniel Sullivan, also has not taken a position on the bill.
Collins and McCain likewise have not said how they will vote. Rand Paul, the Republican senator from Kentucky who supported the prior, failed repeal bill, said he will not vote for Graham-Cassidy.
On Monday, Louisiana's secretary of health, Dr. Rebekah Gee, wrote the bill's co-sponsor, Sen. Bill Cassidy, R-La., and warned that "the harm to Louisiana from this legislation far outweighs any benefit."
Gee noted that in the past year, Louisiana has provided Medicaid coverage to an additional 433,000 state residents as a result of adoption of expanded Medicaid eligibility standards under Obamacare.
She wrote that those people have received "more than one hundred thousand primary care visits, tens of thousands of screenings for cancer, and thousands of new mental health services."
"These treatments have said lives," Gee wrote. "Because this bill eliminates Medicaid expansion in 2020, all of our efforts would end, and thousands of Louisiana citizens would lose coverage and access to critical health care services."