ALERT: Blue Dogs roll AGAIN say they have a deal on health care…..per Fox…
frakkers.
Courtesy of Paintblob
Politico has it up:
Energy and Commerce Committee Chairman Henry Waxman (D-Calif.) has cut a deal to reconvene his committee and vote on the Democrats’ sweeping health care bill, with a goal of completing work by the time lawmakers leave town for the summer on Friday.
There won’t be a vote before the full House before the August recess, but the committee breakthrough – after tense negotiations with Blue Dog Democrats – is a significant step for the Democrats. …As a result of the deal, party leaders have agreed to put off a House vote until the fall, giving members more time to digest the legislation — and opponents more time to attack it.
The Blue Dogs also succeeded in cutting $100 billion from the overall cost of the bill, bringing the total price tag under $1 trillion. The legislation will now exempt small businesses with a payroll greater than $500,000 from paying for any government-sponsored health coverage – double the $250,000 in the initial draft. And finally, under the terms of the deal Ross announced, doctors and other health care providers will be allowed to negotiate their payment rates with the government-sponsored health care arm.
Market Mover Tuesday: Housing Data and the Treasury Auctions begin….
The Mortgage Bankers Association slashed their estimates yesterday, more on that later….for the next two days, we are also waiting for language after the Fed meeting wraps up to see the exit strategy….
This morning we get sales data:
…At 10 a.m., the National Association of Realtors will report on May sales of existing homes and the Federal Housing Finance Agency will release home-price data for April.
The Treasury Department will auction $60 billion in two-year notes Tuesday. Ahead of the sale, Treasurys were falling, with the two-year note sliding 3/32 to yield 1.174%, and the 10-year note sliding 10/32 to yield 3.722%….
Moderate in the Middle 