January 8, 2026: House Passes ACA Subsidies Extension, Portland Shooting, More
episodePreviously titled “House Passes ACA Subsidies Extension, Portland Shooting, More” — renamed by the publisher on Aug 2, 2026
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Donald Trump is rewriting the Washington rulebook and reshaping the global economy. If you're trying to connect the dots behind the headlines, Bloomberg's Trumponomics podcast is here to help. I'm Stephanie Flanders, Head of Government and Economics at Bloomberg. Every week I'll bring you a smart, focused conversation with reporters and experts from Washington, Wall Street and beyond. Listen to new episodes every Wednesday and follow Trumponomics wherever you listen.
News when you want it with Bloomberg News Now. I'm Doug Krisner. We begin in Washington, where a band of House Republicans bucked party leaders to join Democrats in passing a measure to restore expired subsidies under the Affordable Care Act for three years. Here is New York Republican Congressman Nick Lailota.
We know that there are cracks in the foundation of the Affordable Care Act. We know that one in three claims are denied. We know that premiums have risen 60% more than inflation since its inception. And we know that the insurance companies are making a gazillion dollars. Nevertheless, a lot of our constituents rely on these subsidies. And doing nothing, we knew, was not an option. So we wanted to, and we explored several different options before Christmas. Unfortunately, a number of them are blocked by our Rules Committee. And this was the only option available to us was to pass this three-year extension.
That is New York Republican Congressman Nick LaLotta speaking to Bloomberg's balance of power. Now, this measure is unlikely to overcome Republican opposition in the Senate. Even so, several GOP lawmakers say they hoped a strong showing in the House would increase pressure on the Senate to reach a bipartisan compromise. We go to Oregon next, where U.S. Customs and Border Protection agents shot and wounded two people. The Department of Homeland Security said the agents acted in self-defense, and DHS said the agents were conducting a targeted vehicle stop involving a person from Venezuela who was said to be affiliated with the gang Tren de Aragua. Portland Police Chief Bob Day says officers responded to a call of shots fired.
We found a male and a female with apparent gunshot wounds. Officers applied a tourniquet and summoned emergency medical personnel. The patients were transported to local hospital and their conditions at this time are unknown.
Portland Police Chief Bob Day. In the city of Minneapolis, tensions remain high after the fatal shooting of a woman by an ICE agent on Wednesday. Homeland Security officials and President Trump say the ICE agent acted in self-defense. Here is Vice President J.D. Vance.
What you see is what you get in this case.
What recent legislation was passed regarding ACA subsidies?
You have a woman who is trying to obstruct a legitimate law enforcement operation. Nobody debates that. You have a woman who aimed her car at a law enforcement officer and pressed on the accelerator. Nobody debates that. I can believe that her death is a tragedy while also recognizing that it's a tragedy of her own making.
Vice President J.D. Vance, now the head of Minnesota's Investigations Agency, says the U.S. Attorney's Office is preventing it from taking part in the investigation. Here is Minnesota Governor Tim Walz. Very, very difficult for Minnesotans to think in any way this is going to be fair. When Kristi Noem was judge, jury, and basically executioner yesterday, that's very, very difficult to think that they were going to be fair. Minnesota Governor Tim Walz. NASA will bring home four astronauts from the International Space Station a month earlier than planned. This move is being made because of a medical issue with one of the astronauts. Here is NASA Administrator Jared Isaacman.
What challenges exist within the Affordable Care Act?
January 7th, a single crew member on board the station experienced a medical situation and is now stable. After discussions with Chief Health and Medical Officer Dr. J.D. Polk and leadership across the agency, I've come to the decision that it's in the best interest of our astronauts to return Crew 11 ahead of their planned departure.
NASA Administrator Jared Isaacman.
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