The withdrawal of the Republican health care
bill was blamed for sharp drops Monday morning in a number of leading
U.S. economic indicators, including the dollar's drop to nearly a
two-month low.
The inability to overhaul the U.S. health care
system, a major campaign promise of President Donald Trump and his
allies, marked a significant setback for the president in a Congress
controlled by his own party.
Coming so early in Trump's term, the blow has
heightened worries about the chances to enact measures to boost the
economy, such as tax reforms — a major priority of the president's — and
big spending packages.
Mick Mulvaney, director of the White House
Office of Management and Budget, acknowledged that there were questions
about the Trump administration's grip on the levers of power, saying Sunday on NBC News' "Meet the Press": "We haven't been able to change Washington in the first 65 days."
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