insurers in the affordable marketplace expect to break even in 2017. they say it s not looking much better for 2018 either. a standard and poor s says that obamacare s individual market is have a fril fragile as more time toll stabilize. they expect those companies to see small market improvement next year. take a look at this. this is a carnival thrill ride left a woman hanging on for dear life. the terrifying moment her harness breaks leaving her dangling by her ankles. [screams] heather: can you imagine that? you can hear the crowd screaming as she sways back and forth. her head is just inches from the ground there. a french rescuers managed to get her out before she fell. likely saving her life. unclear why that harness broke to begin with. she is certainly lucky. and i don t think she will get back on that ride again.
for premiums on policies in some states this year, standard and poor s said that s likely a one time pricing correction. so the law is not imploding or exploding but there are serious problems with obamacare, particularly in the individual market, and so the president is saying, look, it s going to collapse. that will bring democrats to the table. democrats already saying, look, if you drop this whole effort to repeal the bill, we will work with you to fix the things that are wrong with it. so the bottom line is it s going to come down to, will the white house, will the secretary of health and human services take steps to further undermine the law in order to make it collapse as predicted and bring democrats to the table or work with democrats? that s a huge question and the other question is how voters and how those impacted by any potential failure or future failure of the law who they ll hold accountable. fred? thank you so much. wie ta we ll talk more and vice
beginning to get involved in this battle. knew comes from texas that texas governor greg abbott is threatening to with hold between 1 million and $2 million in state funds from travis county texas. that s where austin is located. city of austin having sanctuary policies. also in alabama, the governor there, robert bentley, said he is going to with hold money from the county home to birmingham, alabama, which also hassan chew wear policies. the state of idaho all considering legislation that would strip state funding from cities that have sanctuary policies. all comes after president trump s executive order attempting to bar federal funds from these communities. it turns out though, according to a report from standard and poor s that the president may have less authority than he thinks there. the report from standard and poor s points out that the executive branch really has little authority to stop funds to communities that have already been appropriated.
a rating agency. if you do you are undermining that analysis and that s a very serious charge to make. martha: but if the u.s. government believes the numbers were not correct, and it seems that s their defense. they are saying the analysis was wrong and that was a huge detriment to the u.s. credit rating and we remember there was a huge reaction around the world when this happened. this is unprecedented. if they can prove s & p s numbers were wrong, don t they have a case? report yes, but s & p wants all document revealed. including gielter in s response. it s a & p who wants all of these documents exposed. martha: there may be another story that lies in there. bill: another day and another obamacare bombshell.
opportunity to focus on a sensible budget that is responsible, that is fair and that helps hard working people all across this country. reporter: the congressional budget office says the so-called sequester is holding back economic growth. standard & poor s says the government s shutdown cost the economy about $24 billion. the president will have comments within the hour. heather? heather: wendell, how are republicans looking at the coming budget talks? reporter: well, senate minority leader mitch mcconnell says holding spending at the level of the sequester is a priority for him, can one of the house budget negotiators is georgia republican congressman tom price who says the government shutdown and debt ceiling crisis were manufactured by the president and a democratic 35er9 content on the nation s fiscal ruin. there is nothing historic about the agreement that avoided default, and utah senator mike lee called the past few weeks just the end of the beginning of the fight against o