Strategist Valliere Sees Less Chance for GOP Health Bill

The transcript discusses the challenges faced by the Senate, particularly with a health bill and the absence of a Republican senator. It highlights the upcoming budget fight and the delay in tax reform, predicting no tax bill until 2018. The potential for a government shutdown is explored, with a focus on funding for Trump's wall and Senate opposition. The legislative agenda appears slow, with stalled bills and market implications, but the ongoing tax reform process remains a positive story.

What was the estimated chance of legislative success before Senator McCain's illness?

• 35%

• 10%

• 20%

• 50%

What is a major factor contributing to the potential government shutdown?

• Funding for the wall

• Healthcare reform

• Tax reform delays

• Infrastructure bill

What is the expected timeline for the enactment of a tax bill?

• By the end of 2017

• Early 2018

• Mid-2018

• Well into 2018

Which bill passed overwhelmingly in the Senate but stalled in the House?

• Healthcare bill

• Infrastructure bill

• Russia sanctions bill

• Tax reform bill

What is the implication for financial markets as long as the tax reform process continues?

• Negative impact

• Neutral impact

• Positive story

• No impact