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Photo: Oliver Contreras/Pool/Getty Images

President Trump defended Labor Secretary Alex Acosta yesterday for his plea deal with Jeffrey Epstein in a previous job, but Acosta doesn’t enjoy much goodwill at the White House.

The big picture: Many conservatives inside the administration don't view Acosta as one of them, and have been urging him to take aggressive deregulatory actions, per sources with direct knowledge.

  • Senior officials, including acting chief of staff Mick Mulvaney, have been frustrated with Acosta for moving too slowly and softly on deregulation.

What he's saying: Trump said he feels "very badly" for Acosta for the controversy about his handling of the sex trafficking case as a federal prosecutor in south Florida: "But we’re going to be looking at that, and looking at it very closely."

The bottom line: Acosta wasn’t standing on the firmest ground before the Epstein case exploded.

Go deeper ... What we know: The Jeffrey Epstein indictment

Go deeper

Janet Yellen confirmed as Treasury secretary

Janet Yellen. Photo: Alex Wong/Getty Images

The Senate voted 84-15 to confirm Janet Yellen as Treasury secretary on Monday.

Why it matters: Yellen is the first woman to serve as Treasury secretary, a Cabinet position that will be crucial in helping steer the country out of the pandemic-induced economic crisis.

Dan Primack, author of Pro Rata
3 hours ago - Economy & Business

Scoop: Red Sox strike out on deal to go public

Illustration: Sarah Grillo/Axios

The parent company of the Boston Red Sox and Liverpool F.C. has ended talks to sell a minority ownership stake to RedBall Acquisition, a SPAC formed by longtime baseball executive Billy Beane and investor Gerry Cardinale, Axios has learned from multiple sources. An alternative investment, structured more like private equity, remains possible.

Why it matters: Red Sox fans won't be able to buy stock in the team any time soon.