House Vote on ACA Subsidies, Portland Shooting Briefing, More

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What is the main topic discussed in this episode?

Stephanie Flanders 0:00
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.
Doug Krisner 0:31
News when you want it with Bloomberg News Now. I'm Doug Krisner and 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. This bill will now head to the Senate where it faces an uphill battle. Here is House Minority Leader Hakeem Jeffrey speaking with reporters after the vote.
Hakeem Jeffries 0:55
And we know that that legislation has a majority of support in the United States Senate right now. Every single Senate Democrat and at least four Senate Republicans. John Thune needs to bring democracy. the bill up for a vote immediately.
Doug Krisner 1:13
House Minority Leader Hakeem Jeffries. 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 Mayor Keith Wilson is now calling on federal law enforcement to halt all operations in Portland.
Keith Wilson 1:44
Portland is not a training ground for militarized agents. When the administration talks about using full force, We are seeing what it means on our streets. The consequences are not abstract. They are felt in hospital rooms and living rooms, in the quiet moments when families try to make sense of what happened, what is happening. We know what the federal government says happened here. There was a time when we could take them at their word. That time is long past.
Doug Krisner 2:12
That is Portland Mayor Keith Wilson. 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.
JD Vance 2:30
What you see is what you get in this case. You have a woman who was trying to obstruct a legitimate law enforcement operation.

What recent legislation was passed regarding ACA subsidies?

JD Vance 2:36
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.
Doug Krisner 2:48
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. The Senate voted to advance legislation opposing further military action in Venezuela. Five Republicans crossed party lines to join all Democrats on a procedural vote. And President Trump reacted by saying Republicans should be ashamed of these senators who broke rank.
Doug Krisner 3:31
Trump added they should never be elected again.

What are the implications of the House vote on ACA subsidies?

Doug Krisner 3:34
Here is Senate Minority Leader Chuck Schumer.
Chuck Schumer 3:37
Today, the Senate really took a critical step to reasserting its constitutional authority and towards stopping President Trump as he's lurching towards another endless, expensive war, all the while American families here are struggling with skyrocketing costs.
Doug Krisner 3:59
Senate Minority Leader Chuck Schumer. Meantime, more than a dozen oil executives are slated to meet with President Trump and top officials at the White House to discuss the potential revival of Venezuela's oil production. This lineup includes representatives from Chevron and Exxon Mobil, and we are told the meeting will focus on the scale of what is needed for oil companies to comfortably step back in.

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