The Supreme Court is poised for a blockbuster year in 2015 – and the list of high-profile cases could keep growing. Already, the Court is set to rule in a key case that threatens to wreak havoc on Obamacare. In addition, the justices will consider important cases regarding religious freedom, free speech, and limits on political fundraising.
That mix of cases poses big risks for liberals, who were caught off guard by the Court’s willingness/enthusiasm to take on another high-stakes Obamacare battle much sooner than expected. Yet conservatives have a lot on the line as well. Under mounting pressure, the High Court agreed to hear a landmark the case on same-sex marriage once again – one that could clear the way for same-sex couples to legally marry in every state.
We will take a look today at the most high-profile cases that the Supreme Court will hear this year, and what lies at stake in each of them. I wish Americans paid more attention to the Highest Court in the land.
Before we get into that discussion, let’s take a look at the minutes from the most recent Fed Open Market Committee (FOMC) meeting on January 27-28. Those minutes revealed that several members on the Committee have new concerns about the economic recovery, especially in light of falling inflation and the rising US dollar. While the minutes didn’t say so specifically, it is clear that several members of the Committee now question whether short-term interest rates should be raised at all this year.
Finally, we’ll look at the federal court decision in Texas last week that stopped President Obama’s executive action on immigration dead in its tracks, at least for now. This is an interesting development, and it remains to be seen if Obama can get this decision reversed.