J. Scott Applewhite / AP

Stocks rebounded in late trading on Friday, after news that President Trump's healthcare bill wouldn't even get a House vote. Traders apparently believe this will accelerate tax reform, since D.C. won't be bogged down by a Senate fight over healthcare that would send it back to the House, rinse and repeat. But here are five reasons why the healthcare failure could spell trouble for tax reform:

  1. We now know that Congressional Republicans are willing to buck Trump and leadership on big-ticket legislative items.
  2. Republicans will need to keep working on healthcare reform, even though Trump says that he's done with it. They've campaigned for years on killing Obamacare, and can't head into the mid-terms without giving it another go. Particularly when they keep insisting that the current scheme is collapsing?
  3. CBO said that the Republican healthcare bill would shrink long-term budget deficits by hundreds of billions of dollars. Without it, filling the tax revenue hole becomes harder.
  4. Sean Spicer today said repeatedly that Trump had talked to "everyone" and listened to "all" ideas, which reflects zero consideration of Congressional Democrats. If such sentiment persists ― it just raises the degree of difficulty for tax reform, particularly if the White House doesn't change its position on keeping corporate tax reform tied to personal tax reform.

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The Democratic fight to shape Biden's climate policy

Illustration: Sarah Grillo/Axios

Left-wing climate activists don't want Joe Biden getting advice from people with credentials they don't like — and they're increasingly going public with their campaign.

Why it matters: Nobody is confusing Biden with President Trump, and his climate platform goes much further than anything contemplated in the Obama years.

25 mins ago - Sports

Factions form with college football season in the balance

Illustration: Aïda Amer/Axios

With college football on the brink, Monday saw an outpouring of support for playing a fall season from numerous parties, including President Trump, Ohio State coach Ryan Day and Michigan coach Jim Harbaugh.

Yes, but: Monday also saw the Mountain West Conference become the second FBS league to postpone fall sports, and the Big Ten and Pac-12 are expected to make the same decision as early as this morning.

Democrats announce full list of convention speakers

Barack and Michelle Obama at a 2017 Obama Foundation event. Photo: Scott Olson/Getty Images

Former President Obama and First Lady Michelle Obama will headline two nights of the Democratic National Convention, according to a full list of speakers released by the party on Tuesday.

Our thought bubble, via Axios' Margaret Talev: It signals how much the Democratic Party is still the party of Barack Obama — and how strongly Biden’s team feels the Obamas can validate his vice presidential choice and energize the party’s base.