Steve Helber / AP

The Senate GOP health care working group talked today about how to make sure the Affordable Care Act marketplaces don't melt down before next year. That could mean a short-term stabilization bill, but senators said they'd prefer to do it as part of a bigger ACA replacement bill if possible.

The bottom line: "I think the primary focus of discussion right now is the fact that these markets are collapsing," said Sen. Ron Johnson. "So we're trying to grapple with what can we do short-term to stabilize these markets, to prevent them from collapsing." Sen. Thom Tillis said all Senate Republicans discussed the possible need for "relief" at a later lunch, where Sen. Joni Ernst talked about the threat that the last major insurer might pull out of Iowa.

Short-term bill vs. long-term bill: Sen. Rob Portman said there was "no decision made on that, but there is a need to make sure that whatever we do immediately helps to ensure that the insurance market doesn't collapse."

But Sen. Pat Roberts suggested there could be a first step to "shore up those who wouldn't have any insurance" before they pass the rest of the health care bill. Senate HELP Committee Chairman Lamar Alexander said he brought up his proposal to give more options to people who won't have any ACA insurers in 2018 and 2019.

Insurer payments: No decision on whether to fund the ACA cost-sharing subsidies either — but Johnson said he's open to "doing what we need to do in the short-term, even though they may be policies I don't support."

Go deeper

Dion Rabouin, author of Markets
1 hour ago - Economy & Business

Investors are betting the future is priced in euros

Illustration: Aïda Amer/Axios

It's the euro's time now — at least that's how investors have been positioning recently.

What's happening: Speculators have raised their bets to the highest in nine years that the dollar will fall and increased bullish bets that the euro will rise to the highest level on record, Reuters reported citing data from the CFTC.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of 9 a.m. ET: 20,372,619 — Total deaths: 743,344— Total recoveries: 12,609,775Map.
  2. U.S.: Total confirmed cases as of 9 a.m. ET: 5,141,879 — Total deaths: 164,545 — Total recoveries: 1,714,960 — Total tests: 63,252,257Map.
  3. Business: U.S. already feeling effects of ending unemployment benefits — U.S. producer prices rose last month by the most since October 2018.
  4. Public health: America's flying blind on its coronavirus response.
Mike Allen, author of AM
3 hours ago - Politics & Policy

3 keys to Joe Biden picking Kamala Harris

Photo: Jeff Kowalsky/AFP via Getty Images

Three quick points about Joe Biden's historic selection of Sen. Kamala (pronounced COMMA-luh) Harris of California as his running mate — and clues they give us to how Biden would govern:

  1. She was always at the top of his list. As I look back through my text threads with top Dems over the past five months, she was always assumed to be the most likely pick.