Sen. Bill Cassidy's health care bill would leave millions uninsured, CBO said (AP Photo/Andrew Harnik)

Senate Republicans' latest health care would save the federal government at least $133 billion over the next decade, the Congressional Budget Office said today. That means the bill is eligible for the special rules that would allow Republicans to pass it with a simple majority.

Yes, but: The budget office didn't have enough time to evaluate the bill's effect on premiums or the number of Americans who have health insurance. It said only that "millions" fewer people would have insurance under the GOP bill than under the status quo. But that was enough for Sen. Susan Collins, who announced her opposition to the bill immediately after CBO released its analysis.

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Dan Primack, author of Pro Rata
7 mins ago - Economy & Business

Leon Black says he "made a terrible mistake" doing business with Jeffrey Epstein

Photo illustration: Sarah Grillo/Axios. Photo: Rick Friedman/Corbis/Getty Images

Apollo Global Management CEO Leon Black on Wednesday said during an earnings call that he made a "terrible mistake" by employing Jeffrey Epstein to work on personal financial and philanthropic services.

Why it matters: Apollo is one of the world's largest private equity firms, and already has lost at least one major client over Black's involvement with Epstein.

1 hour ago - World

Jeremy Corbyn suspended by U.K. Labour Party over anti-Semitism report

Photo: Christopher Furlong/Getty Images

The U.K. Labour Party has suspended its former leader, Jeremy Corbyn, after a watchdog report found that the party failed to properly take action against allegations of anti-Semitism during his time in charge.

Why it matters: It represents a strong break by Keir Starmer, Labour's current leader, from the Corbyn era and one of the party's most persistent scandals.

U.S. economy sees record growth in third quarter

The U.S. economy grew at a 33.1% annualized pace in the third quarter, the Commerce Department said on Thursday.

The state of play: The record growth follows easing of the coronavirus-driven lockdowns that pushed the economy to the worst-ever contraction — but GDP still remains well below its pre-pandemic level.