Jan 4, 2017

Pence hints Trump will use executive action to help repeal Obamacare

Caitlin Owens, author of Vitals

AP Photo/J. Scott Applewhite

The executive orders -- which he didn't detail -- would be the way that President-elect Trump will begin the repeal process, Pence said at a press conference after meeting with House Republicans.

Pence said, "It will literally begin on day one. Before the end of the day we do anticipate that the president-elect will be in the Oval Office to both repeal executive orders and set into motion through executive action policies to implement promises that were made on the campaign trail."

How it might work: GOP aides have been looking into ways the administration can help undo the law. One of the areas Trump could target is regulations on insurers, such as the requirement all plans cover a set of essential health benefits. While the benefits themselves are written into law, the administration defines what they are.

At the GOP meeting, Pence gave them a justification for repealing the health care law immediately without a replacement: Republicans are providing Obamacare relief. And Trump will help.

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Updated 1 min ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9 a.m. ET: 6,299,759 — Total deaths: 376,177 — Total recoveries — 2,714,972Map.
  2. U.S.: Total confirmed cases as of 9 a.m. ET: 1,811,277 — Total deaths: 105,147 — Total recoveries: 458,231 — Total tested: 17,340,682Map.
  3. Public health: Protests against police brutality threaten coronavirus response.
  4. Business: Coronavirus could lower GDP by $15.7 trillion — More than 1 in 6 black workers lost jobs between February and April.
  5. Federal government: Trump lashes out at governors, calls for National Guard to "dominate" streets.
  6. Media: Interest in the George Floyd protests has soared past the coronavirus

More than 1 in 6 black workers lost jobs between February and April

Adapted from EPI analysis of Bureau of Labor Statistics data; Chart: Andrew Witherspoon/Axios

As is often the case, the staggering job losses in the coronavirus-driven recession have been worse for black workers.

By the numbers: According to a report from the Economic Policy Institute, titled "Racism and economic inequality have predisposed black workers to be most hurt by coronavirus pandemic," more than 1 in 6 black workers lost their jobs between February and April.

Coronavirus could lower GDP by $15.7 trillion

Reproduced from Congressional Budget Office; Chart: Axios Visuals

The CBO released projections on Monday for U.S. nominal GDP to be lower by $15.7 trillion over the next decade than its estimate in January as a result of the coronavirus pandemic.

What they're saying: It predicts that when adjusted for inflation GDP will be $7.9 trillion lower over the next decade and down by $790 billion in the second quarter of this year — a 37.7% quarterly contraction.