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Evan Vucci / AP

Donald Trump will not give a definitive blanket endorsement to the House GOP's Obamacare replacement plan in his speech to Congress tonight, according to sources familiar with the speech. The view internally is that the current plan — drafted by both House and Senate leadership — is going to struggle to get out of Congress. It would be foolish for Trump to walk all the way down the plank and utter the sentence: "I support the health care plan drafted by the House."

What Trump is expected to do: Signal a receptivity to the House plan, especially to the key concept of tax credits. This is a win for House and Senate leadership, especially Speaker Paul Ryan.

Who loses: Conservative hardliners, who as recently as Tuesday afternoon were saying they won't support a draft of the GOP proposal leaked last week. One of their biggest concerns is the inclusion of refundable tax credits, which they're branding as a new entitlement program.

What to watch: Whether this changes anything. House Freedom Caucus Chairman Mark Meadows told us this afternoon that if leadership pushes ahead with the current plan, he isn't caving. "I am not going to go along with something that harms my constituents just so I can say that I've supported something that has a different name than Obamacare," he said.

Ok, but: Meadows already figured this was the administration's position — Department of Health and Human Services Secretary Tom Price helped write the plan as a House chairman last year. He said there's room for negotiation. "It's the detail in how we implement that and the way we pay for that that becomes problematic," Meadows said of the leaked plan.

Go deeper

Updated 21 mins ago - Politics & Policy

Inauguration Day dashboard

Screenshot: Fox News

President Trump has delivered a farewell speech and departed Washington for the last time on Air Force One, kicking off the day that will culminate with President-elect Joe Biden taking office.

What's next: The inaugural celebration for young Americans is being livestreamed, starting at 10am.

Updated 38 mins ago - Politics & Policy

Trump departs on final Air Force One flight

President Trump and his family took off on Air Force One at 9 a.m. on Wednesday morning for the final time en route to Florida.

The big picture: Trump's final hours as president were punctuated by his decisions to snub his successor's inauguration and grant pardons to many of his allies who have been swept up in corruption scandals.

Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Janet Yellen said all the right things to reassure the markets

Illustration: Aïda Amer/Axios

Treasury Secretary nominee and former Fed chair Janet Yellen's confirmation hearing before the Senate Finance Committee on Tuesday showed markets just what they can expect from the administration of President-elect Joe Biden: more of what they got under President Trump — at least for now.

What it means: Investors and big companies reaped the benefits of ultralow U.S. interest rates and low taxes for most of Trump's term as well as significant increases in government spending, even before the coronavirus pandemic.

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