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Trump suggests he may cut off insurer payments

President Trump threatened on Twitter to end what he called "bailouts" for health insurance companies — a term he has used to refer to the payments insurers receive for the Affordable Care Act subsidies they are required to give to low-income people.

Why it matters: The Trump administration has been making the payments on a month-to-month basis, but health insurers have been worried that Trump would cut them off after the defeat of the Senate's ACA repeal plans. Without those payments, insurers warn that ACA premiums will skyrocket even more — because they still have to provide the subsidies and have to recover their costs.

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Where Trump's steel and aluminum trade war will hit first

Note: Includes only products under the "Iron & Steel & Ferroalloy" and "Alumina & Aluminum & Processing" NAICS commodity classifications. Data: Census Bureau; Chart: Chris Canipe and Lazaro Gamio / Axios

The Trump administration has begun imposing tariffs on imports of steel and aluminum, but several countries are exempted temporarily until May 1, as shown in the chart above. The administration may still apply quotas on exempted countries to prevent a flood of foreign steel and aluminum in the U.S. market, per the White House.

Why it matters: After railroading past a number of his advisors, Trump announced the tariffs on imports of steel (at 25%) and aluminum (at 10%) earlier this month, citing national security concerns. But with the exemption noted above, the tariffs won't carry major bite, at least to start.

Haley Britzky 15 mins ago
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McCabe speaks out: I was fired "in the most disembodied" way

Andrew McCabe.
Andrew McCabe. Photo: Chip Somodevilla / Getty Images

Andrew McCabe, former FBI Deputy Director who was fired by Attorney General Jeff Sessions last week, gave his side of the story in a Washington Post op-ed, rejecting the "lack of candor" reasoning used by Sessions.

The bottom line: Sessions fired McCabe two days before his pension — he was already planning to retire last weekend — and writes he was fired "in the most disembodied, impersonal way." He said he was "not surprised" by Trump's praise of his removal, and that he was told by "a friend....that CNN was reporting that I had been fired." Axios' Jonathan Swan also reported he was informed he was fired by Sessions "at least nine minutes before the media."