Yesterday, a Virginia federal judge ruled federal health care legislation unconstitutional.
"Judge Hudson’s ruling is a welcome reaffirmation of the Constitution’s limits on the federal government. Those limits are totally at odds with the Obama Administration’s attempt, in its individual mandate provision, to transform a person’s decision not to buy health insurance into an activity subject to Congress’s power over interstate commerce. Because this ruling comes only days before the anniversary of the Senate’s rushed Christmas Eve vote on Obamacare, it is, quite frankly, a great way to start off the New Year."
The U.S. Supreme Court will not hear a challenge to a New York property taking in a Columbia University development case.
The WTO has announced that the U.S. did not break trade obligations to China by imposing tariffs on Chinese tires.