Friday’s events cast doubt on whether Ryan can get major legislation approved by fractious Republican lawmakers. The nonpartisan Congressional Budget Office said under the Republican legislation 14 million people would lose medical coverage by next year and more than 24 million would be uninsured in 2026. stock market indexes ended the session mixed after rallying back from session lows following the news.
This backgrounder describes the laws and procedures under which Congress decides how much money to spend each year, what to spend it on, and how to raise the money to pay for that spending.Ryan said he recommended that it be withdrawn from the House floor because he did not have the votes to pass it, and Trump agreed.“We were just probably anywhere from 10 to 15 votes short,” Trump said. And some moderate Republicans opposed the bill because of worries that millions of America would be hurt. REUTERS/Carlos Barria“Obamacare’s the law of the land,” Ryan added.Neither Trump nor Ryan indicated any plans to try to tackle healthcare legislation again anytime soon.Trump said he would turn his attention to getting “big tax cuts” through Congress, another tricky proposition.