*By Michael Teich*
Republicans are struggling to renege on a long-standing pledge they will likely not be able to honor ー the promise to repeal Obamacare.
"They can't walk away from a promise they've made for eight years," Politico reporter Adam Cancryn said Tuesday in an interview on Cheddar. Repealing Obamacare "would be even more difficult than it was last year," he added.
While Cancryn thinks it will be "a major shock at this point" if Republicans maintain control of both the House and Senate, Senate Majority Leader Mitch McConnell has hinted that the party would consider an attempt to dismantle the Affordable Care Act if it manages to thwart a "blue wave."
Although the right failed to repeal Obamacare last year, their efforts to end the program were not penalized ー so they may try their luck again, Cancryn said.
"There may be a feeling that if we didn't pay for it the first time, then there's no real harm in taking another shot."
Even if Republicans were to successfully repeal Obamacare, the party is far from finding a solution to replace it, Cancryn added.
"There's no viable Republican health plan going forward."
For full interview [click here](https://cheddar.com/videos/how-the-midterm-elections-could-shape-the-future-of-healthcare-in-america).
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President Joe Biden said he is considering forgiving some federal student debt, a step that would help him fulfill a campaign promise and provide relief to borrowers who took out thousands of dollars in loans to finance their higher education.
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Tech giant Microsoft won a military contract for the production of its IVAS (integrated visual augmentation system) combat goggles, based on its HoloLens ARG tech, worth up to $21.9 billion over 10 years. However, the Pentagon is now saying that the device "has not yet demonstrated the capability to serve as a fighting goggle," and that the Army made mistakes in the program's initial stages by not clearly describing minimum performance standards. While testing continues, concerns have grown outside of the Defense Department to Congress and even within Microsoft itself. Cheddar's Ken Buffa takes a deeper look at the possible boondoggle.
U.S. stocks fell sharply to close Tuesday's session, with the Nasdaq dropping 3.95% and hitting a new one-year low. Frances Newton Stacy, Director of Strategy for Optimal Capital, joins Cheddar News to discuss her reaction to how markets closed the session, and to break down Q3 2022 earnings from Microsoft. "Netflix was sort of the big warning, and I think Big Tech was down today in anticipation of these earnings," she says.
