Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Stay on top of the latest market trends
Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.
Tech news worthy of your time
Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.
Get the inside stories
Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
Want a daily digest of the top Des Moines news?
Get a daily digest of the most important stories affecting your hometown with Axios Des Moines
Want a daily digest of the top Twin Cities news?
Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities
Want a daily digest of the top Tampa Bay news?
Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
Kevin Burbach / AP
Now that Republicans are in charge: True-blue deficit hawks are worried about having too much faith in right-leaning reforms to boost economic growth. "You're not going to be able to grow your way out of this one," Oklahoma Republican Tom Cole argued to the Wall Street Journal Sunday. Cole has data on his side: Government debt is set to rise steeply over the next ten years, even absent new spending initiatives and tax cuts proposed by the Trump Administration.
The German export engine is losing steam: Deutsche Bank argues that an aging population and an influx of immigrants will force down the famously high savings rate in Germany, and help begin the process of lowering its overall trade surplus. This would be music to the White House's ears, but the U.S. is also facing similar demographic trends. Expect Germany to maintain its trade surplus with America, and remain on the Trump Administration's list of unfair traders.
Tiffany benches CEO: Tiffany announced the dismissal of its CEO Frederic Cumenal on Sunday after less than two years on the job, and just weeks after reporting disappointing holiday sales. The move is the latest of several high profile leadership changes in the luxury retail sector of late, and shows that even America's most valuable luxury brands are struggling as consumers shift more of their purchases online.