Morning Action: Conservatives Shouldn’t Support the Ryan-Murray Budget Deal
BUDGET. On CNBC with Larry Kudlow, Heritage Action’s communications director Dan Holler debates Sen. Ron Johnson (R-WI) on whether conservatives should support the Ryan-Murray budget deal. Holler explains that a $63 billion spending increase is not conservative, and if the Republican party in the House can not get behind small government principles to maintain the sequester, “we have major issues in this country and that is extremely alarming.”
GOP SUPPORT. It appears there is sufficient Republican support in the Senate to vote for cloture on the budget agreement (sub. req’d):
Senate Democrats appeared on Monday to lock in a filibuster-proof majority to end debate on the budget deal, assuming they can hold firm within their own ranks.
Supporters got a clear green light from seven Republicans that they would either support the deal or — more importantly — side with Democrats to end debate on the budget agreement (H J Res 59) in a key vote Tuesday morning.
The Republican aye votes on cloture would be just enough to shut off debate, if supporters hold together all 55 members of the Democratic Caucus, as expected, on Tuesday.
YELLEN. The Senate is expected to vote on the confirmation of Janet Yellen to be the next chairwoman of the Federal Reserve (sub. req’d):
Senators this week plan to vote on the confirmation of Janet L. Yellen to succeed Ben S. Bernanke as chairwoman of the Federal Reserve, putting her at the helm of the central bank at a pivotal moment in the nation’s economic recovery.
The vote likely will happen on Thursday or Friday and may be one of the last things lawmakers do before adjourning for the year. Although Yellen is expected to win confirmation, she could end up receiving the most “no” votes of any of her predecessors — an indication of how politicized the position has become since the economic collapse of 2008, the ensuing tepid recovery and the Fed’s unusual efforts to boost hiring.
Heritage Action is key voting against her nomination. We note:
During her confirmation hearing, Yellen promised to use the Fed’s expanded powers to “level the playing field” between large banks and small and to “make it tougher for them to compete.” Heritage has warned against a process that “gives nearly unconstrained discretion to regulators” and instead suggested “a modified version of existing bankruptcy law, with the legal protections and independent judges it provides.”
OBAMACARE. Hispanics, once supportive of Obamacare and President Obama, are changing their view:
They were among President Obama’s best supporters, but support for the president and his signature health insurance scheme is quickly dying among Hispanics.
A recent Gallup poll showed Obama’s approval rating among Hispanic down 23 percent, to 52 percent in November from 75 percent in December 2012.
“Hispanics’ approval ratings of Obama have shown the most variation of any group’s ratings throughout his presidency,” the pollsters said when they released their report Dec. 5. “That means their views of him are less firmly anchored than those of other groups, which may help explain why their opinions of the president soured more than any other group’s in recent months.”
That’s not good news for the president, who is in desperate need of Hispanic support for the Affordable Care Act. A recent Kaiser Family Foundation report found that Hispanics account for 32 percent of the nation’s non-elderly uninsured population — just the group he needs to buy into Obamacare to make it a success.
MILLENIALS. Support for President Obama among millenials is falling:
Young Americans’ support of the President Obama has fallen in recent months.
Though they voted for the president in 2-1 margins in the last two elections, millenials now approve and disapprove of the president the same as the rest of the country, according to a new poll.
The new USA Today and Pew Research Center poll found that 45% of 18 to 29-year-old Americans approve of the president’s job, but 46% disapprove. A year ago, more than two-thirds of young Americans approved of him.
CARNEY. White House Press Secretary Jay Carney cannot confirm if enrollees signed up for by December 23 Obamacare will have insurance by January 1:
JON KARL: [Will people who buy insurance] by December 23rd actually have their insurance policies go into effect by January 1?
JAY CARNEY: What I can tell you is we are working overtime to make sure that every 834 form is accurate, when it goes to be issued to the back end. Problems that existed, you’ve seen a lot of reports on how those back end issues have been addressed. Continue to be addressed. One of the processes here is to ensure that those who enrolled are in communication with their issuer to make sure they know when their premiums are due. And that’s something that we’re trying to facilitate. We’re doing everything we can to make sure that everyone who has enrolled who pays his or her premium is aware of all the information they need to do that is covered on January 1. This is something we’re going to push through to the end of the month.