US: Politics to revolve around Senate machinations over the health care - BBH

In view of analysts at BBH, the US political focus is going to be on the Senate machinations over the health care efforts as the debate has reportedly sapped the resources and time from other legislative efforts.

Key Quotes

“Before the weekend, the Senate Parliamentarian ruled that several key parts of the ACA replacement bill do not qualify for fast-track rules (where a simple majority can pass it) and instead require 60 votes (which means some Democrats must support it).  The health care debate has reportedly sapped the resources and time from other legislative efforts.  Moreover, housekeeping measures like the debt ceiling and spending authorization (FY18 budget) appear to be also subject to debate even within the majority party.  The T-bill market is already reflecting some of these considerations.”