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Senate health chairman calls for bipartisan Obamacare bill

(Ron Sachs / CNP/MediaPunch/IPX)

Sen. Lamar Alexander, chairman of the Senate Health, Education, Labor and Pensions Committee, told reporters Tuesday the next step for Obamacare should be a bipartisan, short-term stabilization package:

QuoteThe most constructive thing would be for there to be a bipartisan proposal that would stabilize the market for the next three years while we create long-term solutions to the Affordable Care Act.

He said he's hearing from insurers that they need stabilization steps taken "within the next few weeks," as 2018 participation deadlines loom. While the administration can take some action, it's also "incumbent upon Congress to act."

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Where Trump's steel and aluminum trade war will hit first

Note: Includes only products under the "Iron & Steel & Ferroalloy" and "Alumina & Aluminum & Processing" NAICS commodity classifications. Data: Census Bureau; Chart: Chris Canipe and Lazaro Gamio / Axios

The Trump administration has begun imposing tariffs on imports of steel and aluminum, but several countries are exempted temporarily until May 1, as shown in the chart above. The administration may still apply quotas on exempted countries to prevent a flood of foreign steel and aluminum in the U.S. market, per the White House.

Why it matters: After railroading past a number of his advisors, Trump announced the tariffs on imports of steel (at 25%) and aluminum (at 10%) earlier this month, citing national security concerns. But with the exemption noted above, the tariffs won't carry major bite, at least to start.

Alexi McCammond 5 hours ago
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Trump signs spending bill despite veto threat

Photo: Mark Wilson/Getty Images

President Trump announced that he has signed the $1.3 trillion spending bill that passed Congress last night "as a matter of national security," citing the bill's increase in defense spending, even though he threatened to veto earlier today. "My highest duty is to keep America safe," Trump said. He said he's disappointed in most of the bill.

Key quote: "I will never sign another bill like this again. I'm not going to do it again. Nobody read it. It's only hours old."