President Donald Trump has dropped to No. 248 on Forbes’ list of the ranks of the richest people in the U.S., down from No. 156 in 2016 as his wealth has fallen by $600 million.

Forbes estimates Trump’s net worth at $3.1 billion, down from $3.7 billion a year ago. Forbes chalks that loss up largely to a hit to Trump’s real estate portfolio, which is heavily weighted toward New York City. His fortune has been shaved by nearly $400 million as values of several Manhattan properties have dropped. Other factors include his cash being depleted by about $100 million, thanks to spending on his presidential campaign and settling a lawsuit over Trump University. Read the Forbes report.

Trump-Tsipras preview: Trump meets Greek Prime Minister Alexis Tsipras on Tuesday, a man who last year warned his citizens that Trump represented an “evil” raft of ideas with no place in western democracy.

CNN previews the meeting between Trump and Tsipras, as the Greek prime minister finds himself among the club of leaders hoping to paper over their election-year criticisms of Trump. With the U.S. in a standoff with Turkey, Trump will find a willing security partner in Athens at a moment of regional instability, CNN reports. Despite its financial woes, Greece is one of the few NATO members that meets the alliance’s military spending threshold — an issue Trump has pressed.

Budget hurdle: Politico writes Senate Republicans are scrambling to lock down the votes for a budget that would set the stage for a tax overhaul, and are facing an unforeseen absence as well as still-wavering GOP votes. The Senate is aiming for a vote on Thursday whether or not Sen. Thad Cochran, a Mississippi Republican, remains absent. Senate Republicans have little room for error, and GOP leaders are still laboring to win over Sens. Rand Paul of Kentucky and John McCain of Arizona.

Republicans hold a 52-seat majority in the Senate and can normally afford just two defections but still approve legislation, since Vice President Mike Pence can cast tiebreaking votes. Cochran’s absence means the budget would fail if more than one Republican senator votes “no.” Cochran has been recovering from health issues at home for several weeks. As the Associated Press writes, Cochran’s illness shows risks to Republicans of an aging Senate.

Also see:White House report claiming $4,000 worker wage boost from corporate tax cuts called ‘trickle-down fairy dust.’

McConnell’s warning: Senate Majority Leader Mitch McConnell told Trump on Monday that Trump’s former strategist Steve Bannon was detrimental to tax reform and other key parts of the administration’s agenda, writes the Washington Examiner. McConnell said Bannon was undermining Trump’s agenda with plans to recruit and finance primary challenges against Republicans who are some of his most reliable supporters in the Senate.

And McConnell may have made some headway, since Trump told reporters after the meeting: “Some of the people that [Bannon] may be looking at, I’m going to see if we talk him out of that, because frankly they’re great people.”

See transcript of the surprise Trump-McConnell news conference.