Just 28 Republicans voted for the last debt-limit hike in February 2014, when nearly all Democrats helped it pass in a tight 221-201 vote. Nine of those 28 Republicans are no longer in Congress, raising the question of whether a similar measure could pass this time.
Identification. COBRA stands for Consolidated Omnibus Budget Reconciliation Act. It was passed by Congress in 1985 as a means for individuals to continue health insurance coverage for a period of time after losing group coverage due to termination of employment.
DEFINITION: COBRA is the Consolidated Omnibus Budget Reconciliation Act of 1985, federal legislation that allows you â if you work for an insured employer group of 20 or more employees â to continue to purchase health insurance for up to 18 months if you lose your job, or your employer-sponsored coverage is otherwise terminated.