Chapter 1: What recent legislation did the House pass regarding the Affordable Care Act?
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 LaLotta.
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 consumers... 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 were 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.
Custom 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.
Our community deserves answers. Our community deserves accountability. And most of all, our community deserves peace.
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.
What you see is what you get in this case. 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.
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Chapter 2: What are the implications of the House's ACA measure for the Senate?
Shares in Rio Tinto are down 5% in late U.S. trading. The Supreme Court could issue rulings Friday on the legality of President Trump's tariffs, as well as a major redistricting case. Bloomberg's Amy Morris has more from Washington.
The Trump administration invoked the International Emergency Economic Powers Act, normally used to address national security threats, and lower courts have already struck down the president's use of that act to impose tariffs.
Now, more than a thousand companies are lined up to recoup their share of the billions of dollars in duties paid so far as the Supreme Court is poised to decide the fate of most of those tariffs. Republicans are also hoping the court rules in their favor over redistricting rules. That could give them an edge in this year's midterm elections.
The decision could weaken the Voting Rights Act and open the door for more states to redraw their congressional maps. In Washington, Amy Morris, Bloomberg Radio.
And that is News When You Want It with Bloomberg News Now. I'm Doug Krisner and this is Bloomberg.
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