The Trump Administration is circulating a report outlining the goals and methods of its trade policy. It keeps open the possibility that the U.S. would ignore World Trade Organization rulings that work against America's favor, and potentially engage in practices prohibited by the WTO if those methods give the U.S. the leverage it needs to open foreign markets.

Interest on debt heads higher: Yields on 2-year Treasury bonds rose to their highest rate since 2009 on Wednesday, as investors bet that an accelerating economy will cause interest rates to rise. But this also means that the feds are paying more to borrow money. Rising rates are what the CBO assumes in its budget projections, which should not comfort Republicans if they are considering deficit spending as one way to pay for the President's ambitious agenda:

Source: Congressional Budget Office

Soaring markets: Stocks had their best day of the year on Wednesday on optimism that the President will achieve much of his stimulative agenda given the political skill he showed in his Tuesday speech. The Dow Jones rose 303 points of 1.46% on the day, with the S&P and Nasdaq each gaining 1.37%% and 1.35%, respectively.

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Updated 24 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 12:45 p.m. ET: 30,838,610 — Total deaths: 958,090— Total recoveries: 21,088,552Map.
  2. U.S.: Total confirmed cases as of 12:45 p.m. ET: 6,777,026 — Total deaths: 199,352 — Total recoveries: 2,577,446 — Total tests: 94,211,463Map.
  3. Politics: Testing czar on Trump's CDC contradictions: "Everybody is right" Trump's health secretary asserts control over all new rules, including for vaccines
  4. Education: What we overlooked in the switch to remote learning
  5. Health: The dwindling chances of eliminating COVID-19.
  6. World: Guatemalan president tests positive for COVID-19 — The countries painting their pandemic recoveries green.

Murkowski says she opposes voting on Ginsburg replacement before election

Photo: Greg Nash/Pool/Getty Images

Sen. Lisa Murkowski (R-Alaska) said in a statement Sunday that she opposes holding a Senate confirmation vote on President Trump's nomination to replace Supreme Court Justice Ruth Bader Ginsburg before the election.

Why it matters: Murkowski joins Sen. Susan Collins (R-Maine) as one of two Republican senators who have thus far said that they do not support rushing through a confirmation vote before November. Two more defections would likely force Senate Majority Leader Mitch McConnell (R-Ky.) to resort to holding a vote in the lame-duck session, which neither Murkowski nor Collins have addressed.

1 hour ago - World

Scoop: Decisive meeting could lead to Israeli-Sudanese normalization

Lt. Gen. Abdel Fattah al-Burhan, Sudan's head of the Sovereign Council, meets with Bahraini aid officials in Khartoum, Sept. 15. Photo: Mazen Mahdi/AFP via Getty Images

U.S., Emirati and Sudanese officials will hold a decisive meeting in Abu Dhabi on Sunday on a possible normalization agreement between Sudan and Israel, Sudanese sources told me.

Why it matters: If the U.S. and the United Arab Emirates accommodate Sudan’s requests for economic aid, an announcement on a normalization agreement with Israel similar to the ones struck with the UAE and Bahrain could be made within days, sources briefed on the process tell me.