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Business Watch - January 21, 2017

Trump signs executive order against Obamacare

President Donald Trump on Friday signed an executive order aimed at limiting the “burden” of the Obamacare health law that the incoming US leader has vowed to repeal.

During the signing in the Oval Office, Trump’s chief of staff Reince Priebus described the order as aimed at “minimizing the economic burden” of the 2010 Affordable Care Act, “pending repeal.”

Doing away with Barack Obama’s signature domestic achievement is a top priority for Republicans, who control both chambers of Congress and, since Trump’s inauguration Friday, the White House.

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