Democrats’ Affordability Vows Face Reality Test

Bloomberg: “Democrats have said they will act quickly to restore health insurance subsidies under the Affordable Care Act, and to reverse cuts to Medicaid and food benefits enacted by the Trump administration and congressional Republicans. The likely Speaker of the House, New York Representative Hakeem Jeffries, has also signaled the chamber will vote to repeal some of the administration’s tariffs, which have driven up costs for businesses and consumers.”

“But the party will be constrained by President Donald Trump’s continued control of the executive branch and veto power, a dire fiscal outlook, and the likelihood of more Federal Reserve rate hikes. Then there’s a stubborn policy challenge: Cost-of-living issues such as housing and fuel defy easy fixes.”