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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.

In photos: Tokyo Olympics day 10 highlights

Puerto Rico's Jasmine Camacho-Quinn (L) wins ahead of USA's Kendra Harrison in the women's 100m hurdles final during the Olympic Games at the Olympic Stadium in Tokyo on August 2, 2021. Photo: Jewel Samad/AFP via Getty Images

Day 10 of the Tokyo Olympic Games saw Puerto Rico bag its first-ever track gold medal when Jasmine Camacho-Quinn beat American world record holder Kendra Harrison to win the women’s 100-meter hurdles Monday.

The big picture: There was better news for Team USA in the basketball, where the women's national team beat France 93-82 — meaning the Americans are entering the medal round undefeated as they go for yet another gold, Axios' Ina Fried reports from Tokyo. France still advanced to the quarterfinals as well.

Updated 1 hour ago - Sports

IOC: Belarus sprinter who sought refuge in Tokyo "safe"

Krystsina Tsimanouskaya of Belarus in 2019. Photo: Ivan Romano/Getty Images

Belarusian Olympian Krystsina Tsimanouskaya, who sought refuge in Tokyo, is in the care of Japanese authorities and the UN refugee agency is now involved in her case, an International Olympic Committee official told reporters Monday.

The latest: Officials in Poland and the Czech Republic have offered to help the 24-year-old sprinter, who refused national team orders to board a flight home after being taken to Tokyo's Haneda airport Sunday following her criticism of Belarusian coaches, per Reuters