National

Sen. Lamar Alexander (R-TN), chair of the Senate Health, Education, Labor and Pensions Committee, was blunt about the outlook for a major Medicare overhaul. “I think we should leave Medicare for another day,” he said. “Medicare has solvency problems. We need to address those, but trying to do that at the same time we deal with Obamacare falls in the category of biting off more than we can chew.”… Most Senate Republicans agreed that there was still a lot of work to do on Obamacare before the topic of Medicare changes could even come up in the Senate. “I’m all for a kind of step-by-step approach, so let’s do one thing at a time,” Sen. Ron Johnson (R-WI) told TPM. “A step-by-step approach makes a whole lot more sense as opposed to something big and comprehensive. We don’t do big, comprehensive very well here in Washington, D.C.”… “It’s just too much to bite off,” Sen. John McCain (R-AZ) told TPM. He added that he thought Ryan’s plan was “worthy of consideration,” but that ultimately any changes to Medicare should be considered in a bipartisan manner.

As early as Wednesday, the House will take up H.R. 6392, the Systemic Risk Designation Improvement Act. This bill would lift mandatory Dodd-Frank regulatory supervision for all banks with more than $50 billion in assets, meaning those financial giants would no longer be subject to blanket requirements regarding capital and leverage, public disclosures and the production of “living wills” to map out how to unwind during a crisis.... You can see with this bill’s framework how financial regulation in the Trump era will be relaxed, not by outright repeal but through deliberate atrophy. Republicans want to replace any mandatory rules for regulation with discretionary ones. That way they can claim that they’re merely improving the system by putting the decisions in the hands of the experts instead of members of Congress.