House Votes to Extend ACA, Oregon Shooting Latest, More
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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.
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.
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. President Trump says he is directing the purchase of $200 billion in mortgage bonds. That story from Bloomberg's Charlie Pellett.
The president is casting this as his latest effort to bring down housing costs ahead of the November midterm election. Trump announced the move in a social media post, which was unclear on how the buys would occur or which parties would make them. On Wednesday, the president said he'll be moving to ban institutional investors from buying single-family homes. In New York, Charlie Pellett, Bloomberg Radio.
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