Obama Stays Home to Finish Health Fight
WASHINGTON D.C. ( TheStreet) -- President Obama is again delaying his trip to the Pacific as the contentious health care bill makes its way towards a vote this Sunday.
President Obama was scheduled to visit Guam and other Pacific nations, however, given the magnitude of the health care battle, decided it would be better to circle around the Capitol Dome for a few more days.
Thursday has been a numbers-game day in the home stretch of President Obama's effort to enact health reform legislation.
U.S. House Majority Leader Steny Hoyer said a final vote on the legislation could come by Sunday as Democrats attempt to line up the final votes.Hoyer was among Democrats leading the charge with the just-released numbers from the Congressional Budget Office (CBO) showing that health care reform would not just save $138 billion in its first ten years, but more than $1.2 trillion over the subsequent decade -- though the longer-term forecasts are viewed by many critics in Washington as having a healthy margin of error. Republicans were quick to jump on health care reform price tag of $940 billion over the first 10 years, and the same CBO's data that the U.S. government has already racked up a $655 billion deficit through the first five months of 2010 -- which includes economic stimulus spending. Leading Republicans linked the spending figure to the current weak state of the U.S. economy, and aimed to stoke fears that the government would be setting up future generations for a massive debt load.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV