President Donald Trump is facing two pressing policy changes in the early weeks of his new administration: Tax reform and a replacement of the Affordable Care Act.

"Up until last week, Congressional Republicans said they are going to repeal and replace Obamacare and then do tax reform second," said TheStreet's politics writer Emily Stewart. With Trump's comments last week that a phenomenal tax announcement is coming, Stewart said Trump has given Republicans an opportunity to focus on tax reform first, and then Obamacare.

More from Video

Meet Blackbird, the New 'Uber of the Skies'

Meet Blackbird, the New 'Uber of the Skies'

Tip For Financial Advisors: Think Outside the Box

Tip For Financial Advisors: Think Outside the Box

Here's Why Stock Picking Is Especially Important in the Retail Sector

Here's Why Stock Picking Is Especially Important in the Retail Sector

Are Some Central Banks Dumping Their Gold?

Are Some Central Banks Dumping Their Gold?

Here's How to Trade Walmart, Nordstrom, Macy's and JCPenney After Earnings

Here's How to Trade Walmart, Nordstrom, Macy's and JCPenney After Earnings