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Last Week

All eyes were on the Supreme Court last week, as they took up landmark cases upholding the Affordable Care Act along with affirming gay marriage in all 50 states. In separate rulings, the high court ruled 6-3 that the language in the Affordable Care Act that states that federal subsidies are only for residents of states that have established an exchange is sufficient to provide subsidies those in states that have no exchange.

The Senate managed to send to the president the much maligned trade package after a tumultuous month of votes. The key vote came on Tuesday, where the minimum number of senators voted to override a filibuster on Trade Promotion Authority and eventually send the measure to President Obama’s desk. The House passed more trade legislation, the Africa Growth and Opportunity Act (AGOA), a popular measure extending trade preferences to African nations. Included in the legislation was an extension of the Generalized System of Preferences, which extends to 2017 trade programs with the developing world that encourages them to open their markets to U.S. goods. more

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