Comment on Fed Debates New Role: Bubble Fighter

Some 15 percent of Americans are enrolled in Medicare Part D, which covers outpatient prescription drug costs for older adults and other qualifying individuals, providing nearly $140 billion a year in support to about 50 million people. But the program is administered by the Centers for Medicare and Medicare Services—which President-elect Donald Trump has nominated celebrity physician Mehmet Oz to lead. It’s questionable how a man infamous for promoting questionable supplements, who has commented that there’s no right to health for people who can’t afford it, will help lead and provide government health insurance in the United States.

Pennsylvania Sen. Bob Casey, a stalwart moderate who rose to power on the heels of his late father’s political legacy, seems likely to lose his reelection bid. Shortly after Election Day, the Associated Press called the race for his opponent, former hedge fund executive Dave McCormick, who had a narrow lead in returns.

Educators are flipping out over Donald Trump’s choice of pro wrestling exec and longtime donor Linda McMahon for secretary of education. Predictably so, since experts in just about every field are flipping out when Trump chooses some poorly qualified (yet very loyal) hack to oversee their specialty—or selects another fox to guard the henhouse. America’s biggest union, the National Education Association, for instance, slammed McMahon as unqualified and bent on a privatization agenda: Her chief goal for education is to promote vouchers, which drain resources from public schools and send taxpayer money to unaccountable private schools that are permitted to discriminate against students and educators.

On Monday night, Christian Pulisic, the star of the US men’s national soccer team, scored in a match against Jamaica and promptly jogged over to the corner flag. After a jumping fist pump, the red, white, and blue bedecked central midfielder did what’s become known as the “Trump Dance,” laughing as he wiggled his arms and hips. This dance is more than just “fun.” It’s a symbol of shifts in power and policy. In a post-game interview, Pulisic—a multi-millionaire who is a registered Republican—was questioned about his celebration, and disavowed that it carried any deeper meaning: “It’s not a political dance.

It was clear from the outset that the Joint Resolutions of Disapproval from Sen. Bernie Sanders (I-Vt.) would not pass. The trio of bills, brought to a vote on Wednesday night, would have stopped $20 billion in weapons from being sent to Israel. Every single Republican in the Senate voted against Sanders, as expected.

By ERIC TUCKER and ALANNA DURKIN RICHER, Associated Press WASHINGTON (AP) — Matt Gaetz withdrew Thursday as President-elect Donald Trump’s pick for attorney general amid continued fallout over a federal sex trafficking investigation that cast doubt on his ability to be confirmed as the nation’s chief federal law enforcement officer. The announcement caps a turbulent eight-day period in which Trump sought to capitalize on his decisive election win to force Senate Republicans to accept provocative selections like Gaetz, who had been investigated by the Justice Department before being tapped last week to lead it.