Oct 31, 2018

Democratic super PAC targets GOP on pre-existing conditions in state races

House Democrats holding a press conference about pre-existing conditions. Photo: Toya Sarno Jordan/Getty Images

The Democratic super PAC Forward Majority is releasing a seven-figure ad campaign targeting GOP state legislators over their opposition to pre-existing conditions coverage under the Affordable Care Act as part of the group's $8 million investment in over 100 state legislative districts in the 2018 midterm election cycle.

Why it matters: This health care topic has shown up in gubernatorial, House and Senate races, where more GOP candidates are campaigning on protecting people with pre-existing conditions, even after their party attempted to repeal and replace the ACA. Now, Forward Majority is trying to help Democrats running for state legislatures in key battlegrounds capitalize on this issue — especially after the Trump administration gave states more leeway last week to waive some of the ACA's rules.

  • The ads will run in Wisconsin, Florida, Texas, Arizona and Pennsylvania, which are crucial states in the midterms.
  • What they're saying: Ben Wexler-Waite, a Forward Majority spokesman, said the Trump admin waiver kicking pre-existing coverage to states "is the greatest political gift Democrats running for state legislatures could have asked for."

Go deeper: Republicans hit with pre-existing conditions.

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Scoop: Top NSC official reassigned to Energy Department amid "Anonymous" fallout

Photo: Mark Wilson/Getty Images

Deputy national security adviser Victoria Coates will be reassigned as a senior adviser to Energy Secretary Dan Brouillette, the National Security Council said Thursday — and a senior White House official said that the administration "rejects" the rumors that she is "Anonymous."

Why it matters: Coates has battled claims that she is the still-unknown Trump administration official that penned a New York Times op-ed and book critical of President Trump.

The Fed may be setting the table for 2020 rate cuts

Illustration: Sarah Grillo/Axios

The Fed looks to be laying the groundwork to lower U.S. interest rates this year, just as they did in April 2019 before cutting rates in July, September and October.

Why it matters: A Fed rate cut makes taking on debt more attractive for U.S. consumers and businesses, helping to juice the economy, but also puts the central bank in a weaker position to fight off a potential recession.

Morgan Stanley to buy E*Trade in a $13 billion deal

Photo: Rafael Henrique/SOPA Images/LightRocket via Getty Images

Morgan Stanley is planning to buy E*Trade Financial Corp. in a $13 billion all-stock deal, the Wall Street Journal reports, with plans to acquire the company known for helping everyday Americans manage their money.

Why it matters: The deal, which would be the largest by a major American bank since the financial crisis, signals Morgan Stanley‘s desire to bulk up in wealth management.