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Obamacare subsidies crack wall of GOP unity
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This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, Capitol influence reporter Caitlin Reilly looks at one Republican bucking her party on Obamacare subsidies. Sign up here and follow us at @bpolitics. Email our editors here.

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It’s just the smallest crack in the wall of Republican unity on the government shutdown. But Representative Marjorie Taylor Green, a Georgia Republican with her finger on the pulse of the party’s populist base, is breaking ranks on extending the Obamacare subsidies at the center of the fight over reopening the government.

For Greene, the politics has become personal. While emphasizing she’s no fan of Obamacare, she said in a post on X last night that the insurance premiums for her adult children are going to double next year “along with all the wonderful families and hard-working people in my district.”

She accused Republican leaders of lacking a plan to address the expiration of the subsidies that lower premium costs for more than 22 million people.

Greene Photographer: Eric Lee/Bloomberg

Not surprisingly, Democrats, who insist on making the subsidies permanent a condition for reopening the government, set aside their past confrontations with Greene and embraced her stance. Senate Democratic leader Chuck Schumer declared that Greene was “absolutely right.”

Republican leadership dismissed Greene’s comments. Speaker Mike Johnson of Louisiana told reporters she isn’t read into GOP plans, though he didn’t say what those are beyond insisting that any negotiations take place only after Democrats vote to reopen the government. Most members of the party oppose any extension of the subsidies.

Greene, who also has been bucking GOP leadership on release of the Jeffrey Epstein files, is not necessarily a bellwether for the rest of her party. But she is emblematic of the political dilemma for the GOP on the enhanced premium tax credits.

Expiration of the subsidies is going to hit red states and districts hardest. Three-quarters of the Obamacare enrollees live in states President Donald Trump won in 2024, according to KFF. Insurance companies will be sending out notices of next year’s premium costs this month. 

Trump, who also is keenly attuned to his populist base, seemed to open the door to a possible deal with Democrats in off-the-cuff remarks yesterday only to fall back later to default GOP stance that he’ll talk only after the government is reopened.

Missouri Republican Senator Josh Hawley, an archconservative with a populist streak, said Congress must find a way to keep premiums from rising “sooner, rather than later.”

But majorities in both parties a still holding firm to their positions. As with most tough decisions by Congress, any breakthrough will come slowly, then all at once. Caitlin Reilly

Read More: Trump Threatens No Back Pay for Shutdown’s Furloughed Workers

Don’t Miss

Supreme Court justices expressed skepticism about state laws that bar licensed counselors in about half the country from using talk therapy to try to change a child’s sexual orientation or gender identity.

Trump has called off US diplomatic engagement with Venezuela, people familiar with the move said, a decision that favors Secretary of State Marco Rubio’s more hardline approach and may lead to military escalation.

The federal government shutdown threatens to exacerbate an economic slowdown in the DC metropolitan area, which is already reeling from months of Trump administration cuts.

Attorney General Pam Bondi clashed with Democratic senators during a politically charged oversight hearing in which lawmakers frequently traded partisan barbs over Trump’s immigration crackdown.

The US said it will take a 10% stake in Canadian minerals explorer Trilogy Metals as part of a $35.6 million investment to secure critical energy and mining projects in Alaska.

Consumers see higher inflation in the year ahead, with signs that lower and middle-income households are feeling most of the burden of rising prices, according to a Federal Reserve Bank of New York survey.

The growth of global goods trade is expected to slow sharply next year after a resilient first half of 2025, reflecting a delayed drag on international commerce from Trump’s tariffs, the World Trade Organization said.

Trump said he expects the US and Canada can eventually reach a trade deal, but he remained vague about how and when an agreement might be achieved.

Bloomberg Economics Washington: Join us Oct. 14 for a deep dive into the outlook for the economy and what it means for the Federal Reserve. Register here.

Watch & Listen

Today on Bloomberg Television’s Balance of Power early edition at 1 p.m., host Joe Mathieu interviewed Illinois Republican Representative Mike Bost about the shutdown impact on services for veterans and getting federal aid for farmers.

On the program at 5 p.m., he talks with Republican Senator Rand Paul of Kentucky about the shutdown and Trump’s use of the military to target alleged drug traffickers.

On the Big Take podcast, host Sarah Holder and Bloomberg data journalist Noah Buhayar outline how debt collectors are going after “zombie” mortgages, old second loans from the subprime era that many homeowners had good reason to believe were canceled or forgotten. Listen on iHeart, Apple Podcasts and Spotify.

Chart of the Day

Democrats and Republicans have one thing in common. Their confidence in the mass media to report the news fully, accurately and fairly has hit record lows. Americans who identify themselves as Democrats continue to express a much higher level of trust in the news media than Republicans or independents, with around half saying that they have high confidence in reporting. But that ties the lowest point in a decade, according to a poll conducted by Gallup from Sept. 2-16. Meanwhile, Republicans’ confidence dropped to just 8%, and 62% of Republicans say they have zero confidence in the media to report news "fully, accurately and fairly." Don't believe me? See the full poll results here. — Alex Tanzi

What’s Next

Minutes from the Fed Open Market Committee’s September meeting are released tomorrow. 

Nobel Prizes are awarded this week with the Peace Prize announced on Friday.

The University of Michigan’s preliminary reading of consumer sentiment in October is out Friday.

The NFIB’s small-business optimism index for September will be released Oct. 14.

The Fed’s Beige Book survey of regional businesses will be released Oct. 15.

The National Association of Home Builders housing market index will be published Oct. 16.

Industrial Production in the US for September is scheduled to be reported Oct. 17.

The summit of the Association of Southeast Asian Nations opens Oct. 26 in Malaysia.

Seen Elsewhere

  • Immigration and Customs Enforcement operations have continued uninterrupted during the government shutdown except for the office that inspects detention centers, the Washington Post reports.
  • With content generated by artificial intelligence blurring the line between what's real and what's not, imposter scams where a criminal impersonates a person or organization are skyrocketing, Axios reports.
  • Members of the military who have staffed nuclear missile silos are pressing the Air Force to speed up a study cancer cases among veterans who were exposed contaminants, KFF Health News reports.

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