A dozen states are considering raising gas taxes. That's after close to twenty other states have instituted hikes in recent years to pay for infrastructure. CBO data shows that even as inflation-adjusted federal spending on infrastructure fell 14% between 2010 and 2014, state and local spending fell even faster. That both sources of funding appear set to rise can only be a positive for economic growth.

Fake data accusations overblown? So says High Frequency Economics' Jim O'Sullivan, who argues in a research note that the uproar over a proposed change by the Trump Administration in how the U.S. Trade Representative compiles trade-deficit data is making a mountain of a molehill. O'Sullivan says that this is about making more data available that will paint a more sophisticated picture of U.S. trade, not asking the Census Bureau to stop reporting official trade deficits.

Earnings to watch: 1) Toll Brothers, which reports before the bell, illustrates headwinds the homebuilding sector still faces. 2) The stock market values Tesla Motors at $45 billion, or $5 billion less than Ford and $12 billion less than GM. That's despite selling just 76,000 vehicles last year to Ford's 2.6 million and GM's 3 million.

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Trump tightens screws on ByteDance to sell Tiktok

Illustration: Aïda Amer/Axios

President Trump added more pressure Friday night on China-based TikTok parent ByteDance to exit the U.S., ordering it to divest all assets related to the U.S. operation of TikTok within 90 days.

Between the lines: The order means ByteDance must be wholly disentangled from TikTok in the U.S. by November. Trump had previously ordered TikTok banned if ByteDance hadn't struck a deal within 45 days. The new order likely means ByteDance has just another 45 days after that to fully close the deal, one White House source told Axios.

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9:30 p.m. ET: 21,056,850 — Total deaths: 762,293— Total recoveries: 13,100,902Map.
  2. U.S.: Total confirmed cases as of 9:30 p.m ET: 5,306,215 — Total deaths: 168,334 — Total recoveries: 1,796,309 — Total tests: 65,676,624Map.
  3. Health: CDC: Survivors of COVID-19 have up to three months of immunity Fauci believes normalcy will return by "the end of 2021" with vaccine — The pandemic's toll on mental health — FDA releases first-ever list of medical supplies in shortage.
  4. States: California passes 600,000 confirmed coronavirus cases.
  5. Cities: Coronavirus pandemic dims NYC's annual 9/11 Tribute in Light.
  6. Business: How small businesses got stiffed — Unemployment starts moving in the right direction.
  7. Politics: Biden signals fall strategy with new ads.

Harris: "Women are going to be a priority" in Biden administration

Sen. Kamala Harris at an event in Wilmington, Del. Photo: Drew Angerer/Getty Images

In her first sit-down interview since being named Joe Biden's running mate, Sen. Kamala Harris talked about what she'll do to fight for women if elected VP, and how the Democrats are thinking about voter turnout strategies ahead of November.

What they're saying: "In a Biden-Harris administration women are going to be a priority, understanding that women have many priorities and all of them must be acknowledged," Harris told The 19th*'s Errin Haines-Whack.