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John Minchillo / AP

Attempts to reach a deal this week on health care are unraveling fast, with conservatives already blaming House Speaker Paul Ryan for blocking the White House bill, and leadership sources saying that's nonsense and that the Freedom Caucus is making unreasonable demands that are losing net votes.

It's a bad sign for Republicans ahead of Vice President Mike Pence's visit to the Capitol tonight. From a senior Republican source:

While we haven't picked up any votes yet, this concept is already showing signs of losing a ton of them.

The Freedom Caucus and conservative group perspective: The bill's text is changing for the worse, and it no longer looks like some of the Obamacare regulations will be waived. Conservatives are growing doubtful that the White House and House leadership are willing to get rid of Obamacare's ban on charging sick people higher premiums. Conservatives also want to know what leadership has to say about the "medical loss ratio," or the Obamacare regulation limiting how much of insurers' revenue can be profit.

They're also not happy about the accusation that getting rid of the Obamacare ban on charging higher premiums would nullify its protections for pre-existing conditions.

A Freedom Caucus source: "We've never ever wanted to go after pre-existing conditions. That's spin (well a lie) meant to undermine us. Pence said he supports our plan of reforming, and funding changes to high risk pools, specifically to deal with pre-existing conditions."

House leadership perspective: Where the plan is heading will potentially lose more votes than it picks up. The Freedom Caucus, they say, is moving the goal posts again and trying to shift blame.

What to watch: Pence's meeting tonight around 8:30pm with "major stakeholders," per a GOP source.

Go deeper

Dion Rabouin, author of Markets
37 mins ago - Economy & Business

The digital dollar is now high priority for the Fed

Illustration: Aïda Amer/Axios

The U.S. is starting to get serious about a central-bank-backed digital currency, with recent comments from top officials laying out the strongest support yet.

Driving the news: On Tuesday Fed chair Jerome Powell told Congress that developing a digital dollar is a "high priority project for us," but added that there are "significant technical and policy questions."

Dan Primack, author of Pro Rata
2 hours ago - Economy & Business

Coinbase files to go public

Illustration: Eniola Odetunde/Axios

Cryptocurrency exchange Coinbase on Thursday filed to go public via a $1 billion direct listing.

Why it matters: This comes in the midst of a crypto boom, and the listing may further legitimize the industry.

Trump’s blunt weapon: State GOP leaders

Trump supporters rally near Mar-a-Lago on Feb. 15. Photo: Joe Raedle/Getty Images

President Trump didn't have to punish his critics in Congress — his allies back in the states instantly and eagerly did the dirty work.

Why it matters: Virtually every Republican who supported impeachment was censured back home, or threatened with a primary challenge.