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Tierney Sneed

Tierney Sneed is a reporter for Talking Points Memo. She previously worked for U.S. News and World Report. She grew up in Florida and attended Georgetown University.

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The GOP's most likely path for repealing Obamacare immediately eliminates hundreds of billions of dollars in tax revenue that would otherwise be available to fund their replacement plan.

The large tax cut, which would go disproportionately to high earners, will seriously handcuff lawmakers as they try to cobble together a replacement plan to cover the millions of Americans dependent on Obamacare for health insurance, health care policy experts say.

With Republican Party's strict anti-tax orthodoxy, it is difficult to envision the new GOP-controlled Congress raising taxes down the road to fund their Obamacare replacement. So while the current plan of repeal and delay contemplates a future replacement plan, the lost tax revenues is perhaps the most telling sign that a viable replacement may be either impossible to achieve or a meager substitute.

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The top Democrat on the Senate Judiciary Committee flagged Tuesday a number of what she believed to be missing documents in Sen. Jeff Sessions' (R-AL) Attorney General nomination questionnaire. In a letter to the Judiciary Chair Chuck Grassley (R-IA), the incoming ranking member Dianne Feinstein (D-CA) also asked for more time to review the Sessions' records.

Grassley had previously signaled he wanted to expedite Sessions' confirmation hearings for before President-elect Donald Trump is inaugurated. They are scheduled to begin Jan. 10, according to NPR.

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Social Security advocates were shocked last week when Rep. Sam Johnson (R-TX) (pictured), the chair of the House subcommittee on Social Security, introduced a bill to little fanfare that would impose major cuts to the popular retirement insurance program.

The benefit reductions in the bill skewed toward middle- and high-income earner, which some policy experts warn could erode the popular support for the program, but almost everyone would face cuts in some shape or form. Notably, GOP leadership hasn't exactly rallied around Johnson's bill, and President-elect Donald Trump campaigned on not slashing Social Security. So the political obstacles facing the legislation at the moment appear to be high.

Here are five points on the Johnson's bill, titled the Social Security Reform Act of 2016:

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President-elect Donald Trump has canceled plans to hold a press conference this week to discuss how intends to handle his businesses when taking over the White House, Bloomberg News reported Monday. Trump spokeswoman Hope Hicks confirmed to CNN that the "announcement" was being rescheduled for next month.

Unnamed Trump transition team officials told Bloomberg the press conference, originally scheduled for Thursday, was being nixed because Trump needed more time due to the attention he has had to give to filling his cabinet. They said that some sort of announcement would still be made before Inauguration Day January 20, according to Bloomgberg

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A new study finds that 52 million non-elderly Americans have the sort of pre-existing conditions insurers cited to deny them health insurance coverage in the pre-Affordable Care Act world. The study, released Monday by the Kaiser Family Foundation, notes that a majority of those Americans are covered by group health plans where they would not face such medical underwriting. But it adds that, due to market churn, many more than just the 8 percent or so of consumers who currently receive coverage through the individual marketplace stand to be affected if the pre-existing conditions provision of Obamacare is dismantled.

"For many people, the need for individual market coverage is intermittent, for example, following a 26th birthday, job loss, or divorce that ends eligibility for group plan coverage, until they again become eligible for group or public coverage," the study said.

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President-elect Donald Trump is expected to name as his secretary of state Exxon Mobile CEO Rex Tillerson, who has ties to Russian President Vladimir Putin, NBC News and the New York Times reported. Both reports said they were based on two anonymous sources close to the transition process.

Trump's reported pick of the 64-year-old oil executive comes after a very public selection process that included multiple meetings between the President-elect and Mitt Romney, who was critical of Trump during the campaign. Trump and Tillerson met at Trump Tower in New York Saturday.

Trump transition spokesman Jason Miller declined to comment to the New York Times. After the NBC News report, which was posted before the Times story, Miller said there would be no announcements about Secretary of State until next week.

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The Republican National Committee was the subject to a cyber-intrusion similar to the hack that led to the release of Democratic National Committee emails during the presidential campaign, top Obama administration officials told the New York Times. Republican officials, however, continue to deny that the RNC was hacked.

The fact that the RNC was hacked but none of its documents were released is part of the findings that have led the U.S intelligence community to conclude that Russian actors sought to boost Donald Trump over his Democratic opponent, Hillary Clinton, the New York Times reported Friday.

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The incoming Senate Minority Leader Chuck Schumer (D-NY) called for a congressional investigation into Russian interference in the U.S. election, and said it was "imperative" that the intelligence community handed over relevant information. His statement comes after the Washington Post reported Friday that a secret CIA assessment found that Russian actors had sought to boost President-elect Donald Trump over his opponent, Hillary Clinton.

“Reports of the CIA’s conclusion that Russia actively sought to help elect Donald Trump are simultaneously stunning and not surprising, given Russia’s disdain for democracy and admiration for autocracy. The silence from Wikileaks and others since election day has been deafening," Schumer said. "That any country could be meddling in our elections should shake both political parties to their core. Senate Democrats will join with our Republican colleagues next year to demand a congressional investigation and hearings to get to the bottom of this. It’s imperative that our intelligence community turns over any relevant information so that Congress can conduct a full investigation.”

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President-elect Donald Trump's transition team was dismissive of the CIA in a response to a Washington Post report that the agency had found in a secret assessment that Russian actors sought to boost Trump in the election.

"These are the same people that said Saddam Hussein had weapons of mass destruction," the statement. "The election ended a long time ago in one of the biggest Electoral College victories in history. It’s now time to move on and 'Make America Great Again.'”

The transition team's statement also exaggerated the size of his electoral college victory.

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