Overnight Finance: CBO finds 22M more uninsured under Senate health bill | GOP agrees ObamaCare taxes must go | Supreme Court to look at Dodd-Frank whistleblower protections | More tax reform hearings | Green light for partial travel ban |

Overnight Finance: CBO finds 22M more uninsured under Senate health bill | GOP agrees ObamaCare taxes must go | Supreme Court to look at Dodd-Frank whistleblower protections | More tax reform hearings | Green light for partial travel ban |
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CBO: Senate ObamaCare bill would leave 22M more uninsured: The Senate Republican ObamaCare repeal bill would result in 22 million more uninsured people over 10 years, according to the Congressional Budget Office. 

The analysis is a hurdle for Republicans as they look to pass their bill this week.

The bill would result in a $321 billion deficit reduction over 10 years, the CBO found.

There would be 15 million more uninsured people next year, the report finds, largely due to the mandate to buy insurance being repealed. The number of uninsured would then rise in later years as smaller subsidies to buy private insurance and Medicaid cuts kick in.

CBO finds that lower financial assistance in this bill compared to ObamaCare would make premiums unaffordable for many low-income people, and deductibles would rise as well. The Hill's Peter Sullivan has more: http://bit.ly/2sf7H7J.


More on healthcare vote: Also on Monday, GOP leaders insisted they would push ahead with a vote this week. Senators also added a penalty for being uninsured to their bill. The American Medical Association came out strongly against the Senate bill. And Democrats plan a floor protest ahead of the big vote. To see where Republican senators stand on the bill, check out The Hill's latest Whip List.


GOP agrees on one thing: ObamaCare taxes must go: The near-consensus that House and Senate Republicans have reached on repealing ObamaCare taxes could boost their efforts to overhaul the tax code.

The draft healthcare bill Senate Republicans released on Thursday is similar to the House-passed bill on the ObamaCare taxes, repealing nearly all of them and delaying the "Cadillac" tax on high-cost health plans. While senators had considered keeping some of the taxes for longer than the House bill, they mostly stuck with the House plan, making only minor changes to the effective dates.

The Senate bill still faces hurdles to passage. But if it passes, it will remove an issue that otherwise might complicate Republicans' work on tax reform. The Hill's Naomi Jagoda explains: http://bit.ly/2sf4nJR.


Trump gets green light for partial travel ban: The Supreme Court delivered a win to President Trump on Monday, allowing his travel ban to take effect, albeit on a limited basis, before it hears a lawsuit against the policy this fall.

While lower courts had blocked the ban since February, the Supreme Court cited precedent to allow parts of it to take effect, stating that preserving national security is "an urgent objective of the highest order."  

"To prevent the government from pursuing that objective by enforcing [the ban] against foreign nationals unconnected to the United States would appreciably injure its interests without alleviating obvious hardship to anyone else," the court said.

Trump, who had predicted he would triumph at the Supreme Court, hailed the court's decision as a "clear victory for our national security."

"Today's ruling allows me to use an important tool for protecting our nation's homeland," he said. The Hill's Lydia Wheeler tells us about the road ahead: http://bit.ly/2sf82Hx.


Preview: Lawmakers plot next steps on financial reg reforms: Senate and House committees will be pushing ahead on financial regulatory reform in the coming week, with the Senate focusing on housing finance and the House on the equities market.

The Senate Banking Committee will hold a hearing on Thursday to discuss the elements of a housing finance reform bill. Revamping the way the federal government offers housing assistance is a top priority for Republicans, and a key part of their broader push to roll back financial regulations.

Many Republicans and conservative economists blame the Federal National Mortgage Association (Fannie Mae) for triggering the financial crisis. They say it set dangerously low mortgage standards for the rest of the industry. Democrats counter that Fannie Mae did what it could to provide affordable mortgages in a financial system rife with carelessness and greed.

In the House, the Financial Services Committee will hold a Tuesday hearing on the U.S. equity market structure. The committee will look at potential ways to update the Securities Act Amendments of 1975 to better handle modern automated trading. I'll tell you what else is happening in the week ahead: http://bit.ly/2sePw22.


Happy Monday and welcome to Overnight Finance. I'm Sylvan Lane, and here's your nightly guide to everything affecting your bills, bank account and bottom line.

See something I missed? Let me know at slane@thehill.com or tweet me @SylvanLane. And if you like your newsletter, you can subscribe to it here: http://bit.ly/1NxxW2N.


On tap tomorrow

  • House Financial Services Committee: Hearing entitled "U.S. Equity Market Structure Part I: A Review of the Evolution of Today's Equity Market Structure and How We Got Here, 10 a.m." http://bit.ly/2s3Pjys.
  • Senate Appropriations Subcommittee on Financial Services and General Government: Review of the fiscal 2018 budget requests for the SEC & CFTC, 10 a.m.: http://bit.ly/2s3ExbC. Those agencies' heads will testify.
  • Senate Appropriations Subcommittee on Labor, Health and Human Services, Education and Related Agencies: Review of the fiscal 2018 budget request for the Department of Labor, 10:30 a.m. http://bit.ly/2s3SZQL. Labor Secretary Alexander Acosta will testify.


More tax reform hearings on the way: House Ways and Means Committee Chairman Kevin BradyKevin BradyHealthcare debacle raises pressure for GOP on taxes Trump administration outlines negotiating priorities for NAFTA Charities push GOP for tax reform change MORE (R-Texas) said Monday that the panel will hold two more tax-reform hearings in July.

One of the hearings will focus on the benefits of tax reform for small businesses, while the other will focus on the benefits for families and individuals, Brady said.

Tax reform is one of the top items on President Trump and congressional Republicans' agenda. Brady and other congressional leaders on the tax effort have been meeting regularly with Trump administration officials on the issue -- most recently on Thursday.

"I think we continue to make good progress toward a single, unified tax-reform plan to be sent to the president's desk this year," Brady said.

The Hill's Naomi Jagoda has the details here: http://bit.ly/2sfwo40


Supreme Court to rule on scope of Dodd-Frank whistleblower protections: The Supreme Court announced Monday it will weigh whether corporate whistleblowers who don't report wrongdoing to federal authorities are protected by anti-retaliation laws.

The high court will hear a San Francisco company's appeal of a lower court ruling that it violated federal whistleblower protections in the Dodd-Frank Wall Street Reform Act when it fired Paul Somers, a former employee who reported a manager for hiding excessive spending.

The court decided unanimously to review the case in October, when their second session of the year begins.

Digital Realty Trust is arguing that their dismissal of Somers didn't violate the Dodd-Frank Act because Somers reported wrongdoing internally, but not to the Securities and Exchange Commission. The 2010 law offers protection from firing and cash rewards to employees who report fraud or illegal activity at their firms. I explain here: http://bit.ly/2sf9Z6V.


Nobel-winning economists come out against Senate healthcare bill: A group of economists that includes six Nobel Prize winners is expressing opposition to Senate Republicans' legislation to replace ObamaCare, arguing that it "threatens reduced coverage and higher costs for those who continue to have it."

In a letter to Senate Majority Leader Mitch McConnellMitch McConnellTrump backers eye GOP primary challenges for Flake, Heller Senate spending plan boosts House moderates Cruz: Tax reform chances ‘drop significantly’ if healthcare fails MORE (R-Ky.) and Senate Minority Leader Charles SchumerCharles SchumerSchumer: Dems didn't 'tell people what we stood for' in 2016 Schumer: Dems, not Russia, are to blame for loss to Trump Repair is the only “R” word that can solve our healthcare woes MORE (D-N.Y.), the economists wrote that "the Senate bill would narrow coverage, and by driving relatively healthy people from the market, raise premiums for those who remain."

The Senate healthcare bill unveiled last week does away with ObamaCare's individual and employer mandates, caps federal Medicaid spending and makes cuts to ObamaCare's tax credits. Senate GOP leadership is aiming to hold a vote on the measure this week. http://bit.ly/2sf3QY0.


Six contenders to be Uber's new CEO: The search is on for a new CEO at Uber. After Uber and its CEO Travis Kalanick's reputations were damaged by revelations of misconduct and other missteps in the past several months, Kalanick finally stepped down earlier this week.

Now the company, which is battling accusations of sexism in the workplace, a lawsuit from Google over allegedly stolen technology and a federal probe over privacy issues, is trying to fill the void at the top and claw its way out of controversy.

Observers believe a chief step in that process is finding a capable new CEO who will avoid problems in a way Kalanick didn't.

But the search may prove challenging. Kalanick's pugnacious and controversial leadership style has often been credited with catapulting the scrappy startup into a tech and transportation giant in just a few short years, and shareholders may be reluctant to fundamentally alter Uber's formula for success.

Here's who could take the wheel at Uber and help the company correct course, from The Hill's Melanie Zanona and Ali Breland: http://bit.ly/2sf41m8.


Senate Dems set principles for potential budget negotiation: The Senate's Democratic leadership has outlined the principles they would want to follow in a possible budget negotiation, despite few indications that Republicans are planning on bringing them into the process any time soon.

In a letter sent Monday to Senate Majority Leader Mitch McConnell (R-Ky.) and Senate Appropriations Committee Chairman Thad CochranThad CochranOvernight Finance: GOP offers measure to repeal arbitration rule | Feds fine Exxon M for Russian sanctions violations | Senate panel sticks with 2017 funding levels for budget | Trump tax nominee advances | Trump unveils first reg agenda Senate committee ignores Trump, House budgets in favor of 2017 funding levels Overnight Finance: CBO finds 22M more uninsured under Senate health bill | GOP agrees ObamaCare taxes must go | Supreme Court to look at Dodd-Frank whistleblower protections | More tax reform hearings | Green light for partial travel ban | MORE (R-Miss.), Democrats called for eliminating the tough spending caps of budget sequestration, which would significantly cut both defense and nondefense spending levels.

They also reiterated their support for the parity principle, by which defense and nondefense spending would increase at the same rate. Republicans were able to break the parity principle in May's deal on 2017 spending levels, and are unlikely to agree to its return.

Democrats also called for eliminating "poison pill riders" such as defunding Planned Parenthood, and specifically opposed spending for Trump's proposed border wall: http://bit.ly/2sfc7v9.


House Armed Services unveils $696.5B defense policy bill: The House Armed Services Committee unveiled a $696.5 billion defense policy bill on Monday.

The committee's version of the National Defense Authorization Act (NDAA) would authorize $28.5 billion more than what was requested by President Trump, but is $8.5 billion less than what the committee's chairman said he was moving ahead with last week.

The bill would be broken down into $621.5 billion for the base budget and $75 billion for a war fund known as the Overseas Contingency Operations (OCO) account.

Of the war fund, $10 billion would be used for base budget requirements. The Hill's Rebecca Kheel breaks it down: http://bit.ly/2seQVWm.


Poll: Both parties would be blamed for government shutdown: Most voters would blame Democrats and Republicans alike in the event of a government shutdown, according to polling provided exclusively to The Hill.

A survey by The Harvard–Harris Poll found that 58 percent of voters would blame both parties equally, while just 20 percent would blame Democrats alone and 23 percent would blame Republicans alone. Independents were even most likely to blame both parties, at 69 percent.

If Congress fails to pass a budget and spending bills by the end of September, the government will shut down.

President Trump and several key members of his administration have floated the possibility that a government shutdown could be "good." Democrats seized upon the statements, hoping to ensure that Republicans would own the political costs of a potential shutdown: http://bit.ly/2sf37q5.

Write us with tips, suggestions and news: slane@thehill.comvneedham@thehill.comnjagoda@thehill.com and nelis@thehill.com. Follow us on Twitter: @SylvanLane,  @VickofTheHill@NJagoda and @NivElis