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October 19, 2017

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Dow passes 23,000 as Wall Street Charges Forward

Trader Peter Tuchman wears a “Dow 23,000” hat as he works on the floor of the New York Stock Exchange, Wednesday, Oct. 18, 2017. A day of modest gains on Wall
Street resulted in more milestones for U.S. stocks Wednesday as the Dow Jones industrial average closed above 23,000 points for the first time.
(AP Photo/Richard Drew)
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Senators Push New Health Deal as Trump Keeps Distance

By ALAN FRAM The agreement by Sens. Lamar of Obamacare.” With hard-right ray shook hands on their agree-
WASHINGTON (AP) — The authors Alexander, R-Tenn., and Patty conservatives wielding con- ment this week after months of
of a bipartisan plan to calm health Murray, D-Wash., on a two-year siderable influence and unwill- intermittent talks. Failure to restore
insurance markets said Wednes- extension of federal subsidies to ing to prop up President Barack the federal payments to insurers
day they’ll push the proposal insurers that Trump has blocked Obama’s health care law, it was could result in higher premiums
forward, even as President Don- gained an important new foe. The unclear if Ryan would be willing for millions buying their own indi-
ald Trump’s stance ricocheted anti-abortion National Right to Life to even bring the measure to his vidual policies and drive carriers
from supportive to disdainful to said it opposed the measure be- chamber’s floor. from unprofitable markets. Many
arm’s-length and the plan’s fate cause it lacked language barring Overall, it was a bad day for the in Congress would love to avoid
teetered.“If something can hap- people from using their federally bipartisan accord, with several blame for two such tumultuous
pen, that’s fine,” Trump told re- subsidized coverage to buy poli- Republicans conceding that it events.The compromise has won
porters at the White House. “But cies covering abortion, said Jenni- likely needed Trump’s backing warm endorsements from Demo-
I won’t do anything to enrich the fer Popik, the group’s top lobbyist. to survive.“Without the president crats and some Republicans. It
insurance companies because In another blow, Doug Andres, supporting it, I don’t think you includes steps won by Republi-
right now the insurance compa- spokesman for House Speaker have the votes in the House or cans to make it easier for insurers
nies are being enriched. They’ve Paul Ryan, R-Wis., said Ryan “does the Senate,” No. 3 Senate GOP to avoid some coverage require-
been enriched by Obamacare not see anything that changes his leader John Thune of South Dako- ments under Obama’s 2010 over-
like nothing anybody has ever view that the Senate should keep ta told reporters, adding, “We’re haul.
seen before.” its focus on repeal and replace stalled out.”Alexander and Mur- Continued on Page 3