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Each day that goes by without a COVID-19 stimulus agreement is another day of worry for many in America's middle class, which was already shrinking before the pandemic began.

Axios Re:Cap digs into middle class myths and realities with Jim Tankersley, a New York Times economics reporter and author of the new book, "The Riches of This Land."

Go deeper

Aug 10, 2020 - Podcasts

Stimulus gridlock

August recess was supposed to start for Congress this week, but stimulus negotiations fell apart last week — prompting President Trump to circumvent Congress and attempt to extend programs put in place by the CARES Act via executive action. Now, it’s unclear if Congress is still negotiating, let alone if they’re any closer to a compromise.

Axios Re:Cap dives into what happens next — for Trump's executive actions and for congressional negotiations — with Washington Post White House economics reporter Jeff Stein.

Scoop: Gina Haspel threatened to resign over plan to install Kash Patel as CIA deputy

CIA Director Gina Haspel. Photo: Win McNamee/Getty Images

CIA Director Gina Haspel threatened to resign in early December after President Trump cooked up a hasty plan to install loyalist Kash Patel, a former aide to Rep. Devin Nunes (R-Calif.), as her deputy, according to three senior administration officials with direct knowledge of the matter.

Why it matters: The revelation stunned national security officials and almost blew up the leadership of the world's most powerful spy agency. Only a series of coincidences — and last minute interventions from Vice President Mike Pence and White House counsel Pat Cipollone — stopped it.

Updated 11 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Coronavirus deaths reach 4,000 per day as hospitals remain in crisis mode — CDC warns highly transmissible coronavirus variant could become dominant in U.S. in March.
  2. Politics: Biden says, "We will manage the hell out of" vaccine distribution — Biden taps ex-FDA chief to lead Operation Warp Speed amid rollout of COVID plan — Widow of GOP congressman-elect who died of COVID-19 will run to fill his seat.
  3. Vaccine: Battling Black mistrust of the vaccines"Pharmacy deserts" could become vaccine deserts — Instacart to give $25 to shoppers who get vaccine.
  4. Economy: Unemployment filings explode againFed chair: No interest rate hike coming any time soon —  Inflation rose more than expected in December.
  5. World: WHO team arrives in China to investigate pandemic origins.