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Photo: Evan Vucci / AP

"President Trump lit a fuse this week that will blow a hole in the Affordable Care Act, but the collateral damage could very well include fellow Republicans," the Boston's Globe's Victoria McGrane writes:

What happened: "Trump moved Thursday night to eliminate payments to insurance companies that subsidized out-of-pocket medical costs for lower-income people."

Why it matters: "Health care specialists predict this $7 billion cut will trigger a destabilizing cascade that will jeopardize health care access for millions of Americans, as insurance companies jack up premiums or pull out of the federal exchanges altogether."

"The step also heightens the risk that Republicans will be blamed for higher costs and other market disruptions stemming from Trump's administrative assaults on the health care law."

What's next: "Polling indicates that Americans, including many Republicans, will indeed point the finger at the GOP. Sixty percent of Americans say they view Republicans as 'responsible for problems' in the health law moving forward, according to an August survey by the nonprofit Kaiser Family Foundation."

How it's playing ... L.A. Times 2-column lead, "Trump move threatens to deliver chaos to health care: Insurance markets are expected to raise premiums sharply after key cost-sharing subsidies are blocked."

Go deeper

Justice Department drops insider trading inquiry against Sen. Richard Burr

Sen. Richard Burr (R-N.C.) walking through the Senate Subway in the U.S. Capitol in December 2020. Photo: Stefani Reynolds/Getty Images

The Department of Justice told Sen. Richard Burr (R-N.C.) on Tuesday that it will not move forward with insider trading charges against him.

Why it matters: The decision, first reported by the New York Times, effectively ends the DOJ's investigation into the senator's stock sell-off that occurred after multiple lawmakers were briefed about the coronavirus' potential economic toll. Burr subsequently stepped down as chair of the Senate Intelligence Committee.

Netflix tops 200 million global subscribers

Illustration: Rebecca Zisser/Axios

Netflix said that it added another 8.5 million global subscribers last quarter, bringing its total number of paid subscribers globally to more than 200 million.

The big picture: Positive fourth-quarter results show Netflix's resiliency, despite increased competition and pandemic-related production headwinds.

Janet Yellen plays down debt, tax hike concerns in confirmation hearing

Treasury Secretary nominee Janet Yellen at an event in December. Photo: Alex Wong via Getty Images

Janet Yellen, Biden's pick to lead the Treasury Department, pushed back against two key concerns from Republican senators at her confirmation hearing on Tuesday: the country's debt and the incoming administration's plans to eventually raise taxes.

Driving the news: Yellen — who's expected to win confirmation — said spending big now will prevent the U.S. from having to dig out of a deeper hole later. She also said the Biden administration's priority right now is coronavirus relief, not raising taxes.