Senate Majority Leader Mitch McConnell (C) with John Barrasso (L), John Cornyn (R) and John Thune. Photo: Samuel Corum/Anadolu Agency/Getty Images

Senate Republicans aren't sweating the prospect of the courts striking down the entire Affordable Care Act, insisting they'd be able to act quickly to repair the damage — despite their inability to coalesce around a replacement plan at any point over the past decade.

Driving the news: "Do I hope the lawsuit succeeds? I do," Sen. Kevin Cramer told Politico. "What I wish is we had some idea where we are going if it does succeed, as it looks more and more like it might."

My thought bubble: It wouldn't be easy even to restore the most politically popular parts of the law.

  • To match the ACA's level of protections for people with pre-existing conditions, a new plan would not only need to require insurers to cover those patients, but also would have to guarantee coverage for the services they'd need and prevent insurers from imposing benefit caps.
  • We have plenty of very recent evidence that Republicans themselves are divided over those issues, never mind the added complexities of negotiating with a Democratic-led House.

The other side: "I can't say that I hope it succeeds," Sen. Shelley Moore Capito told Politico, referring to the anti-ACA lawsuit.

Go deeper: Trump privately thinks ACA lawsuit will fail in court

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Trump's new TikTok threat

Photo illustration: Aïda Amer/Axios. Photo: Jim Watson/AFP via Getty Images

President Trump said twice Monday that the U.S. Treasury would need to get a portion of the sale price of TikTok, as a condition of regulatory approval.

Why it matters: This is akin to extortion — the sort of thing you'd expect to hear on a wiretap, not from the White House in front of reporters.

Ford names James Farley as new CEO amid ongoing turnaround effort

James Hackett, left, is retiring as Ford CEO. Jim Farley, right, takes over Oct. 1. Photo: Ford

Ford announced Tuesday that James Farley will take over as its next CEO, replacing James Hackett, 65, who is retiring after three years in the job.

Why it matters: It leaves Farley to complete the company's ongoing turnaround effort. The transition will be that much harder as the industry tries to navigate the coronavirus-induced economic slowdown which shuttered Ford plants for two months on the eve of some of its most important vehicle launches.

Updated 3 hours ago - Politics & Policy

Watch the full "Axios on HBO" interview with President Trump

In this episode of “Axios on HBO”, President Trump discusses his handling of the coronavirus pandemic, the upcoming election and much more with National Political Correspondent Jonathan Swan.

The interview was filmed on Tuesday, July 28 and aired Monday, Aug. 3 on HBO.