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Jacquelyn Martin / AP

Vice President Mike Pence is making some big promises for the repeal and replacement of the Affordable Care Act. Here's what he said in Milwaukee this afternoon and why it increases the pressure on the Senate:

Promise: "A new tax credit to help you buy the insurance you need at a price you can afford."

The fine print: It means the Senate will have to seriously beef up the House bill's tax credits, which would have left low-income 64-year-olds paying net premiums of as much as $16,100 per year, according to the Congressional Budget Office.

Promise: "We're going to make sure that every person with pre-existing conditions has access to the coverage and the care that they need, no exceptions."

The fine print: Even if the Senate abandons the House plan to allow states to opt out of the ACA's pricing rules — and let insurers charge higher premiums to sick people — Caitlin Owens reports that it's still planning to let states relax the ACA's benefit rules. Senate Republicans will have to hope that doesn't allow insurers to steer sick people away by choosing not to cover certain things.

Promise: The bill will "reform and strengthen Medicaid to help the people who truly need it the most."

The fine print: The Senate may moderate the House bill's Medicaid cutbacks, but it's still going to end the ACA's Medicaid expansion and limit federal spending — so they could easily face headlines about low-income people who didn't get the care they needed.

Go deeper

Several states declare emergency over Colonial Pipeline shutdown

A sign warns consumers on the avaliability of gasoline at a RaceTrac gas station in Smyrna, Georgia, on May 11. The average national price of gasoline has risen to $2.985 a gallon, Bloomberg notes. Photo: Elijah Nouvelage/AFP via Getty Images

Reports of fuel shortages across the U.S. emerged on Tuesday as the national average for gasoline prices soared to its highest level since 2014 amid a key fuel pipeline shut down, per Bloomberg.

What's happening: Operator Colonial Pipeline aims to have service restored by the week's end following last Friday's ransomware attack that shut down some 5,500 miles of pipeline from Texas to New Jersey. The governors of Florida, Georgia, Virginia and North Carolina declared states of emergency Tuesday due to shortage concerns.

Reports: More than 100 Republicans threaten to form 3rd party over Trump

Former President Trump addressing the Conservative Political Action Conference in Orlando, Florida, in February. Photo: Joe Raedle/Getty Images

More than 100 Republicans will sign a letter Thursday threatening to create a third party if the GOP doesn't "break" with former President Trump, Reuters first reported.

Why it matters: Per Axios' Mike Allen and Jim VandeHei, Trump's grip on the GOP has gotten stronger since the Jan. 6 Capitol riot. The Republican Party's "allegiance to Trump" as he continues to make false claims about his 2020 election loss has "dismayed" the group, according to Reuters.

Updated 3 hours ago - World

In photos: Dozens dead as Israel and Hamas intensify aerial bombardments

People gather at the site of a collapsed building in the aftermath of Israeli air strikes on Gaza City on May 11. Photo: Mahmud Hams / AFP) (Photo by MAHMUD HAMS/AFP via Getty Images

At least 35 Palestinians and five Israelis have been killed as fighting between Israel's military and Hamas entered a third day, per Reuters.

The big picture: The worst aerial exchanges of fire between Israel and Hamas since 2014 come after escalating violence in Jerusalem that injured hundreds of Palestinians and several Israeli police officers during protests over the planned evictions of Palestinian families from their homes.