Apr 30, 2017

Trump: Don't compare my health care plan to Obama's

Carolyn Kaster / AP

President Trump suggested tonight that it's not fair to compare the Republican health care plan to the Affordable Care Act, because the law is "dying, dying, dying" and won't be around anyway. "They always like to compare — well, what about [Obamacare]? Obamacare's dead," Trump said at a rally in Harrisburg, PA. "It's gone ... The insurance companies are fleeing."

Between the lines: His comments suggested that he might try to use the law's problems — including the steep premium hikes last year — to dismiss the comparisons people are making to the GOP replacement plan, which aren't flattering. The biggest criticisms: it would cover 24 million fewer people than the ACA, and under some of the latest changes, it might not give the same protections to people with pre-existing conditions.

Pass the "damn thing": "I'll be so angry at Congressman [Mike] Kelly and Congressman [Tom] Marino and all of our congressmen in this room if we don't get that damn thing passed quickly." (He later gave them a "just kidding" wave: "They'll get it done.")

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Morgan Stanley to buy E*Trade in a $13 billion deal

Photo: Rafael Henrique/SOPA Images/LightRocket via Getty Images

Morgan Stanley is planning to buy E*Trade Financial Corp. in a $13 billion all stock deal, the Wall Street Journal reports, with plans to restructure the company known for helping everyday Americans manage their money.

Why it matters: The deal, which would be the largest by a major American bank since the financial crisis, signals Morgan Stanley‘s desire to bulk up in wealth management.

Go deeper: Six of the biggest U.S. banks have weaknesses in their crisis plans

The new not-normal: The Trump state

Photo Illustration: Eniola Odetunde/Axios. Photos: Chris Graythen/Getty Images

Donald Trump changed how to run for president. Next, he changed the Republican Party. Now, he’s changing the presidency and the boundaries of executive power. 

In the past week, Trump has purged internal dissenters, imported loyalists, pardoned political and financial criminals and continued a running commentary on live Justice Department criminal cases — despite an unprecedented public brushback from his attorney general.

Bloomberg's rough debut

Photo: John Locher/AP

Mike Bloomberg was booed during his debut debate as a Democratic presidential candidate — indicative of a rusty outing where the former New York mayor looked unprepared to respond to obvious lines of attack.

Why it matters ... The debate underscored the Bloomberg’s campaign biggest fear: It's hard to hide to his prickly demeanor. Bloomberg had all the time, practice and forewarning money could buy — and still struggled mightily on the public stage.