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The New York Times makes an important point about what would happen if the Trump administration stops paying for the Affordable Care Act's cost-sharing reduction subsidies: It hurts the middle class more than low-income customers. Here's why:

  • The subsidies are meant for low-income people. Even if insurers stop getting reimbursed for them, they still have to pay them.
  • But insurers say they'll raise their premiums to make up for the losses. That wouldn't hurt low-income customers, because they also get tax credits that would cover much of the higher premiums.
  • But middle-class customers — who earn too much to qualify for those tax credits — would have to pay the higher premiums without any financial help.

Where it stands: The Trump administration made the June payments, but hasn't made any promises beyond that. And Congress is still debating whether to fund them.

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Trump casts himself as chief defender of American history in divisive speech at Rushmore

President Trump spoke out against a "merciless campaign" to wipe out American history during a Fourth of July celebration at Mount Rushmore.

Why it matters: Trump's "dark and divisive" speech comes as states continue to hit new coronavirus records and a national reckoning against racial inequities pushes forward, The New York Times writes. Trump's public approval is faltering heading toward the November elections, and he made an appeal to his base at Friday's spectacle, per The Washington Post.

Drive-in movie theaters are making a comeback

Illustration: Annelise Capossela/Axios

Drive-in movie theaters, the symbol of a bygone era before cellphones and constant distraction, are suddenly reemerging as a popular form of entertainment during the coronavirus crisis.

Why it matters: Indoor movie theaters are closed, but people still crave entertainment and a chance to get out of their houses. Watching a movie from the safety of a car is the next best thing.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 7:30 a.m. ET: 11,093,182 — Total deaths: 525,491 — Total recoveries — 5,890,052Map.
  2. U.S.: Total confirmed cases as of 7:30 a.m. ET: 2,795,163 — Total deaths: 129,437 — Total recoveries: 790,404 — Total tested: 34,213,497Map.
  3. States: ICU beds in Arizona's hot spot reach near capacity.
  4. Public health: The states where face coverings are mandatory Fauci says it has been a "very disturbing week" for the spread of the coronavirus in the U.S.
  5. Economy: The economy may recover just quickly enough to kill political interest in more stimulus.