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Rutgers Athletic Center. Photo: Mitchell Leff/Getty Images

A check for $857.20 changed Rutgers' basketball recruit Maori Davenport's life — but not for the better.

What's happening: The check was sent to Davenport by USA Basketball for "lost wages" during her time with the U-18 team over the summer. Once she cashed it, she was declared ineligible by the Alabama High School Athletic Association, which does not allow payments of more than $250. Now her high school basketball career is effectively over.

  • USA Basketball routinely checks with the state athletic association on their policies regarding payments, but failed to do so in Davenport's case.

What they're saying:

  • ESPN's Jay Bilas: " The issue is one of reasonableness. ... Is it reasonable to punish an innocent girl for a clerical error? No."
  • Brian Agler, coach of the WNBA's Dallas Wings: "I'm just puzzled by the regality of the Alabama High School State Association. … It's one adult group denying her the eligibility while another adult group also made an error."

P.S. ... This isn't the first time a high school athletic association has punished a student for unfortunate circumstances, and it won't be the last.

Go deeper

Fed signals it could yank economic support quicker as inflation sticks around

Federal Reserve chairman Jerome Powell testifies during a hearing before Senate Banking, Housing and Urban Affairs Committee today. Photo: Alex Wong/Getty Images

The Federal Reserve will consider pulling back economic support sooner "as the threat of persistently high inflation has grown," chair Jerome Powell said during a congressional hearing on Tuesday.

Why it matters: This is the biggest signal yet the Fed is backing away from its stance that soaring prices would be fleeting — a change that could shift its policies that underpin the economy.

Felix Salmon, author of Capital
Updated 3 hours ago - Economy & Business

Crypto meets the real world

Illustration: Megan Robinson/Axios

The two largest countries in the world seem intent on effectively banning their citizens from participating in crypto, which poses a serious threat to the crypto agenda.

Why it matters: The crypto world is global — but the real world is fragmented into nation-states, each of which claims control of what happens within its borders.

Meadows cooperating with House Jan. 6 select committee

Mark Meadows. Photo: Yuri Gripas/Bloomberg via Getty Images

Former White House Chief of Staff Mark Meadows is cooperating with the House select committee in charge of investigating the Jan. 6 Capitol insurrection, the panel said Tuesday.

Driving the news: Meadows, who failed to appear before the panel earlier this month, is believed to have insight into former President Trump's role in efforts to stop the certification of President Biden's election win.