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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Jul 12, 2012
Page
3
The House approved a repeal bill 244 to 185 with five Democrats crossing party lines. Republicans argue Obamacare harms jobs and the economy while Democrats warn repeal would remove consumer protections. Senate opposition makes enactment unlikely this year.
U.S. stocks slipped as investors weighed Fed minutes showing threats to growth from China Europe and a looming U.S. budget crisis. The Dow closed down 48.59 at 12604.53 with the S&P 500 and Nasdaq little changed as energy shares rose on higher oil prices and earnings forecasts dimmed.
Mitt Romney addressed the NAACP in Houston pledging to do more for African-Americans than Obama. He faced boos during calls to repeal Obamacare and criticisms of Obama’s economic record while stressing job creation and education. The event marked a broader bid to court diverse voters ahead of the election.
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