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Eric Gay / AP

NAFTA renegotiations will be Ross' top priority

During confirmation hearings Wednesday, Commerce Secretary-nominee Wilbur Ross told Senators that "NAFTA [renegotiation] is logically the first thing" his department will address if he is confirmed.

The Toronto Globe and Mail reports that Ross has already alerted Canadian officials of his intent to formally renegotiate the terms of NAFTA. Among other steps, Ross will seek to tighten rules on what products can cross borders duty-free based on how much content produced outside the trade zone those products contain.

A high-profile target of these negotiations will be auto companies with operations in Mexico, which often purchase inputs from China before selling end products to U.S. consumers.

CFPB sues student-loan giant Navient

The Consumer Financial Protection Bureau says it's suing the nation's largest servicer of student loans for pushing its customers into more expensive repayment options in order to cut down on paperwork and boost profits. Navient says that the CFPB gave it an ultimatum to settle by inaguration or get sued. It will fight the action in court, on the hope that a GOP-dominated Washington will defang the consumer watchdog.

Even cheaper than economy class

American Airlines is the latest major carrier to announce its "basic economy" tier that will provide fliers rock-bottom fares. The catch is that passengers will not be able to choose their seats or upgrade those seats regardless of their elite status, and will be allowed only one carry on to be stowed underneath the seat.

Delta Airlines rolled out a similar program late last year, and United Continental gave details of their forthcoming program in a call with analysts on Wednesday.

Go deeper

Ina Fried, author of Login
50 mins ago - Technology

CES was largely irrelevant this year

Illustration: Sarah Grillo/Axios

Forced online by the pandemic and overshadowed by the attack on the Capitol, the 2021 edition of CES was mostly an afterthought as media's attention focused elsewhere.

Why it matters: The consumer electronics trade show is the cornerstone event for the Consumer Technology Association and Las Vegas has been the traditional early-January gathering place for the tech industry.

The FBI is tracing a digital trail to Capitol rioters

Illustration: Sarah Grillo

Capitol rioters, eager to share proof of their efforts with other extremists online, have so far left a digital footprint of at least 140,000 images that is making it easier for federal law enforcement officials to capture and arrest them.

The big picture: Law enforcement's use of digital tracing isn't new, and has long been at the center of fierce battles over privacy and civil liberties. The Capitol siege is opening a fresh front in that debate.

Off the Rails

Episode 6: Last stand in Georgia

Photo illustration: Aïda Amer/Axios. Photo: Drew Angerer, Raymond Boyd/Getty Images

Beginning on election night 2020 and continuing through his final days in office, Donald Trump unraveled and dragged America with him, to the point that his followers sacked the U.S. Capitol with two weeks left in his term. Axios takes you inside the collapse of a president with a special series.

Episode 6: Georgia had not backed a Democratic presidential candidate since 1992 and Donald Trump's defeat in this Deep South stronghold, and his reaction to that loss, would help cost Republicans the U.S. Senate as well. Georgia was Trump's last stand.

On Air Force One, President Trump was in a mood. He had been clear he did not want to return to Georgia, and yet somehow he'd been conscripted into another rally on the night of Jan. 4.

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