Lessons from Trump's healthcare debacle

Washington, DC

US President Donald Trump's domestic economic agenda suffered a major setback last week, when the House Republican leadership decided to withdraw their hastily drafted bill to repeal and replace the Affordable Care Act (ACA, or "Obamacare"). Given the high-profile effort the president devoted to the issue, the Republican majority's failure to produce a viable draft was deeply embarrassing.

The key question now is whether Mr Trump will be able to move forward on other items on the Republicans' economic agenda. And, for three reasons, Mr Trump's next major policy push - on taxes - is in big trouble.