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Seth Wenig / AP

New Jersey Governor and former Trump transition head Chris Christie told reporters at a press conference in Trenton today that he "made it very clear" to President Trump during the transition that he should not hire Michael Flynn in any capacity, per CNN.

The money quote: "If I were president-elect of the United States, I wouldn't let General Flynn into the White House, let alone give him a job."

Trump won't like this: There has been periodic speculation about Christie joining the administration, but this statement won't do him any favors. As Axios' Jonathan Swan has previously reported, White House staffers would love nothing more than to make Flynn disappear, but Trump still thinks highly of him and has not authorized his staff to criticize the ousted national security advisor.

Go deeper

Dan Primack, author of Pro Rata
32 mins ago - Economy & Business

Why fears of a SPAC bubble may be overblown

Illustration: Annelise Capossela/Axios

The SPAC surge continues unabated, with 10 new ones formed since Wednesday morning. And that's OK.

Between the lines: There are growing concerns that retail investors are about to get rolled, with smart sponsors taking advantage of dumb money.

Schumer says Senate will stay through weekend to vote on COVID relief

Senate Majority Leader Chuck Schumer (D-N.Y.) accused Sen. Ron Johnson (R-Wis.) of going to "ridiculous lengths" to show his opposition to a COVID relief package widely supported by the American public, after Johnson demanded that the entire 600-page bill be read on the Senate floor.

The state of play: Johnson's procedural move will likely add 10 hours to the 20 hours already allotted for debate, during which Republicans will propose amendments to force uncomfortable votes for Democrats. Schumer promised that the Senate will stay in session "no matter how long it takes" to finish voting on the $1.9 trillion rescue package.

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

What central bank digital currencies mean for crypto

Illustration: Aïda Amer/Axios

Central bank digital currencies, or CBDCs, represent the ultimate ratification of digital finance: Its adoption by the most venerated guardians of the international monetary architecture.

Why it matters: Crypto-evangelists often talk about CBDCs in awed terms. But it's far from clear that the bitcoin-and-ethereum crowd would ultimately benefit from money going digital.

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