Billionaire media mogul Michael Bloomberg said that President Donald Trump knows full well he will not be able to save the United States’ declining coal mining industry.
Sen. Susan Collins, R-Maine, said Wednesday that she believes the U.S. House of Representatives needs to “slow down” in its quest to repeal and replace former President Barack Obama’s health care law and said the current bill unveiled this week would get a chilly reception in the Senate. Collins, a moderate Republican who has bucked Trump on a handful of his Cabinet nominations, said she is concerned by analyses that estimate 6 million to 10 million people would lose their coverage under the bill and that older people’s premiums would rise. Asked if she agreed with her colleague Sen. Rand Paul that the bill is dead on arrival in the Senate, Collins responded “yes.” But she stressed that the bill is a “work in progress” and may improve to the point where she could support it.
U.S. Attorney General Loretta Lynch sounded off Wednesday on the uneasy state of relations between law enforcement and minority communities in the U.S. It was one of several topics Lynch addressed in a wide-ranging conversation with Yahoo Global News Anchor Katie Couric in Detroit.
“It wouldn’t take much of an annual wealth tax to rescue the retirement system.”
“Privatizing Social Security — or at least letting individuals opt-out so they can escape the sinking ship — would be a huge win.”
“Congress could save hundreds of billions of dollars by modestly paring back the benefit formula for future wealthy retirees.”
“Raising the retirement age reduces the number of beneficiaries, thereby reducing the costs of the program.”
“Social Security as we know it needs to be abolished and replaced with a better system.”