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Business Matters: Republicans Begin Obamacare Repeal

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Republicans Begin Obamacare Repeal

17/01/2017 GMT

BBC World Service - Business Matters, Republicans Begin Obamacare Repeal

The Affordable Care Act is already in the process of being repealed.

One of Trump's big campaign promises is already being kept. The Affordable Care Act is already in the process of being repealed.

By the end of the week, the United States will have a new president. But while there's been any amount of speculation about what Donald Trump may do in office - with the full-throated support of a Republican-dominated Congress - one thing we can say for sure is that one big campaign promise is already being kept. The Affordable Care Act - derided by its opponents as Obamacare - is already in the process of being repealed. Formalities got underway last Thursday in the Senate. At half past one in the morning, the Senate voted by 51 to 48 to send the measure to the House of Representatives. That vote - 227 to 198 - means that important provisions of the law can be repealed without the threat of a Democratic filibuster in the Senate. Lauren Gambino, the Guardian newspaper's Washington DC reporter, tells us what's being going on since those votes.

The National Farmers Federation in Australia is trying to rally support to stop the army taking over nearly a million acres of grazing land in Northern and Central Queensland. The Australian Defence force wants to expand its training options as part of what's called a Comprehensive Strategic Partnership with Singapore. Tony Mahar is CEO of the National Farmers Federation - and we caught up with him in Townsville.

All this and more discussed with our two guests: Alexis Goldstein, activist and financial reform advocate, is in Washington DC. And Catherine Yeung, Investment Director at Fidelity Worldwide Investment, is in Hong Kong.

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