Richard Drew / AP

Republicans may say Obamacare repeal is on track, but Goldman Sachs doesn't believe them.

In a note to its clients, the mega-financial firm notes that "none of the several approaches that have been floated appear able to win a majority in the Senate," and predicts that the most likely outcome is a bill that "modifies the tax credits under the law for health insurance coverage and increases state flexibility under Medicaid."

The firm's other predictions:

  • The individual and employer mandates will go away.
  • The law's taxes might be repealed, but maybe not retroactively.
  • The "Cadillac tax" on generous health plans might just be modified, so it turns into a limit on the tax break for employer health coverage.
  • Medicaid will probably be solved with more flexibility and a gradual equalizing of funds between the states.
  • The Medicare payment cuts probably will stay in place.
  • Insurance rule changes, like allowing health plans to charge more to older customers, are unlikely.

The note adds, however, that the outcome "is as hard to predict as any legislative issue we can recall."

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Trump says he's prepared to sign executive orders on coronavirus aid

President Trump. Photo: Jim watson/Getty Images

President Trump, speaking from a podium at his golf club in Bedminster, N.J., on Friday announced that he is prepared to issue executive orders suspending payroll taxes and extending enhanced unemployment benefits through the end of 2020, and halting student loan interest and payments indefinitely.

Why it matters: The impending orders come after talks between the White House and Democratic leadership collapsed Friday afternoon. But Trump said he remains committed to striking a deal with Congress on a broader stimulus package before signing the orders.

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 4 p.m. ET: 19,193,661 — Total deaths: 716,735 — Total recoveries — 11,611,029Map.
  2. U.S.: Total confirmed cases as of 4 p.m. ET: 4,918,927 — Total deaths: 160,737 — Total recoveries: 1,598,624 — Total tests: 59,652,675Map.
  3. Politics: White House recommends Trump issue executive orders on coronavirus aid.
  4. Education: Cuomo says all New York schools can reopen for in-person learning.
  5. Public health: Surgeon general urges flu shots to prevent "double whammy" with coronavirus — Massachusetts pauses reopening after uptick in coronavirus cases
  6. World: Africa records over 1 million coronavirus cases — Gates Foundation puts $150 million behind coronavirus vaccine production.

Trump: "We are going a different way" on coronavirus aid

President Trump. Photo: Jim Watsonn/AFP via Getty Images

President Trump tweeted on Friday that his administration is "going a different way" with coronavirus aid after negotiations with congressional Democrats stalled again, suggesting he will use an executive order to address stimulus spending.

What he's saying: "Pelosi and Schumer only interested in Bailout Money for poorly run Democrat cities and states. Nothing to do with China Virus! Want one trillion dollars. No interest. We are going a different way!" Trump tweeted.