President Barack Obama remains hard at work at the summit of G8 wealthy industrialized nations in Italy on Thursday, while his top domestic initiatives stumble and misfire at home.
Tales from the Trail
With President Barack Obama off in Italy during a weeklong diplomatic foray, Vice President Joseph Biden has the stage on Wednesday for an announcement of the administration’s agreement with the hospital industry for $155 billion in savings over a decade to help pay for a planned healthcare overhaul.
Republican opposition is building after independent auditors estimated their initial efforts could cost more and cover fewer than initially hoped, reducing the chance of winning the bipartisan support that could ensure that any reforms will last.
President Obama takes on healthcare reform at a 1:00 p.m. White House forum today, hoping to design an overhaul of a costly and inefficient system he believes is threatening the economy. About 120 participants from industry and government will gather to discuss potential fixes to the $2.5 trillion system.