Jul 25, 2017

Boehner on Trump: "I never really saw him as president. You all know what I mean"

Saul Loeb / AP

Former House speaker John Boehner told a business gathering in Las Vegas that Republicans will never repeal and replace Obamacare because Americans "have gotten accustomed to it," according to the Washington Post.

The big quote: "Here we are, seven months into this year, and yet they've not passed this bill. Now, they're never — they're not going to repeal and replace Obamacare."

His predictions: Republicans will resort to peeling away parts of the law, like employer and individual mandates. Boehner also said he thinks Governors will have more control over Medicaid and there will be fewer Obamacare taxes.

On Trump:

  • He's a "friend of mine. We've played a lot of golf together over the years. He was a donor of mine."
  • "I never really saw him as president. You all know what I mean."
  • He said Trump needs to "quit tweeting."
  • "I mean, going after Mika Brzezinski or Joe Scarborough? What the hell is the point?"
  • "You never get into a fight with people who buy ink by the barrel. He does it every day."

On media: "What's making everything even worse today is because we have so much news, people get to choose where they get their news. It used to be we had three big TV networks, five big newspapers, and five big radio stations and whatever they said was the news. Everybody else followed what they do."

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Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 10:30 a.m. ET: 1,502,618 — Total deaths: 89,915 — Total recoveries: 339,775Map.
  2. U.S.: Total confirmed cases as of 10:30 a.m. ET: 432,554 — Total deaths: 14,829 — Total recoveries: 24,213Map.
  3. Business: The Fed will lend up to $2.3 trillion. — Another 6.6 million jobless claims were filed last week
  4. Federal government latest: Congress' $250 billion PPP injection could come too late for some businesses.
  5. Public health latest: Anthony Fauci said social distancing could reduce the death toll to 60,000.
  6. Poll: 1 in 10 Americans believe the economy will never return to normal.
  7. What should I do? Pets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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Fed will lend up to $2.3 trillion amid coronavirus crisis

Fed Chairman Jerome Powell at a press conference in March. Photo: Eric Baradat/AFP via Getty Images

The Federal Reserve announced Thursday that it will support the coronavirus-hit economy with up to $2.3 trillion in loans to businesses, state and city governments — made possible in part by Treasury funds set aside in the government stimulus package.

Why it matters: The Fed has taken more action amid the coronavirus outbreak than it has in any other financial crisis in U.S. history in an effort to blunt the effects of the resulting economic shutdown.

DetailsArrowUpdated 19 mins ago - Economy & Business

Senate Democrats block Republicans' $250 billion PPP injection

Illustration: Sarah Grillo/Axios

Before the Paycheck Protection Program formally launched last Friday, we knew two things: The rollout would be rocky, and the initial $250 billion wouldn't be enough for America's small businesses.

The state of play: Banks and government officials have been working to smooth out the process. On Thursday, Senate Majority Leader Mitch McConnell's attempt to pump another $250 billion into the program via unanimous consent was blocked by Democrats, who are proposing an alternative that includes billions more for hospitals and states.

Go deeperArrowUpdated 21 mins ago - Economy & Business