Pence says: Trump will sign orders to start repealing Obamacare on First Day

Vice President-elect Mike Pence says that the first priority of President-elect Donald Trump is to repeal and replace the Affordable Care Act, better known as Obamacare. But Democrats say the incoming administration has nothing to replace it with, and that repealing the law will only lead to “chaos.” “Obamacare has failed,” Pence said after a […]

68 Macy stores closing, 10k jobs to be cut

The announcement was issued alongside an unfavorable earnings report, showing comparable store sales dipped 2.1% last quarter. The news caused its stock to plunge nearly 10% during after-hours trading Wednesday. Macy’s (M) said it expects to layoff about 3,900 workers as a result of the upcoming store closures, and another 6,200 jobs will be cut […]

Trump chooses fast food exec to head the U.S. Department of Labor

WASHINGTON (Reuters) – President-elect Donald Trump will name fast-food executive Andy Puzder to head the U.S. Department of Labor, according to a source familiar with the matter, in an appointment likely to antagonize organized labor. Puzder, chief executive of CKE Restaurants Inc [APOLOT.UL], which operates the Carl’s Jr. and Hardee’s fast-food chains, has been a […]

Government working on drafting bill to limit Trump-era deportations

Democratic and Republican senators are reportedly crafting legislation that would put a limit on how many people President-elect Donald Trump would be allowed to deport if he reverses President Obama’s executive orders concerning illegal immigration. Sen. Lindsey Graham, R-S.C., and Senate Minority Whip Dick Durbin, D-Ill., are working on a bill that would allow children who […]

Luke Sharrett/Bloomberg

Unemployment rate dropped to 4.6%; Adds 178k jobs in November

The U.S. economy added 178,000 jobs in November, while the unemployment rate fell to 4.6 percent, a level not seen since August 2007, according to government data released Friday morning. The first employment report since voters went to the polls last month shows an economy in strong shape as President-elect Donald Trump prepares to take office. “It looks […]

New Texas provisions require burial or cremation of aborted fetuses

New state regulations set to go into effect Dec. 19 will require medical providers to bury or cremate fetal tissue instead of disposing of remains in sanitary landfills. The regulations were first published this summer, shortly following a Supreme Court decision striking down Texas legislation meant to impose stricter requirements on abortion clinics. On Monday, the Health and […]