Sen. Lindsey Graham vowed to bring the Obamacare repeal bill that he’s co-sponsoring to a vote this week, even though it appears doomed. The South Carolina Republican said in a CNN debate Monday that the bill was “a damn good idea.” The Congressional Budget Office released a partial estimate of the Graham-Cassidy bill’s effects, predicting it would cut the deficit by $133 billion over 10 years, but millions of people would lose health coverage. The bill faces a Saturday deadline, and the GOP can only afford two dissenting votes.
New-home sales for August ran at a seasonally adjusted annual pace of 560,000, according to the Commerce Department. That’s 3.4% below July, 1.2% lower than in August 2016, and the lowest annual rate since December. Economists expected 585,000 annually.The median sales price was $300,200, 0.4% higher than a year ago.
The Conference Board reports its consumer-confidence index to 119.8 from a revised 120.4 in August. Economists expected 119.5. Confidence fell “considerably” in Texas and Florida, two of the nation’s most heavily populated states, after hurricanes Harvey and Irma caused widespread damage.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
