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Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

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Photo: Alex Wong/Getty Images

Sen. Lindsey Graham (R-S.C.) tweeted Monday that he is basing his decisions for coronavirus policy on information from "healthcare professionals like Dr. Fauci and others, not political punditry."

Why it matters: In an apparent public rebuke, Graham added a link to a Washington Post article about the Trump administration's signals that it might move to loosen restrictions on businesses at the end of the White House's 15-day social distancing period as an economic salve, as reported by Axios' Jonathan Swan. "There is no functioning economy unless we control the virus," he said.

What he's saying: "Try running an economy with major hospitals overflowing, doctors and nurses forced to stop treating some because they can’t help all, and every moment of gut-wrenching medical chaos being played out in our living rooms, on TV, on social media, and shown all around the world," Graham tweeted.

The other side: Trump tweeted late Sunday: "WE CANNOT LET THE CURE BE WORSE THAN THE PROBLEM ITSELF. AT THE END OF THE 15 DAY PERIOD, WE WILL MAKE A DECISION AS TO WHICH WAY WE WANT TO GO!"

  • Larry Kudlow, Trump's top economic adviser, said on Fox News Monday: "We can't shut in the economy. The economic cost to individuals is just too great. ... The president is right. The cure can't be worse than the disease. And we're going to have to make some difficult trade-offs. Let's give it another week."

Go deeper ... Surgeon general on coronavirus: "This week, it's gonna get bad"

Go deeper

Dion Rabouin, author of Markets
9 mins ago - Economy & Business

Miami mayor: Bitcoin's appeal is that governments can't manipulate it

Miami Mayor Francis Suarez is pushing to make bitcoin a part of his city's economic future, and in an interview with "Axios on HBO," he pushed back against the economic orthodoxy of people like Treasury Secretary Janet Yellen who say it's a bad idea.

Why it matters: Miami's inclusion of bitcoin as a way to pay city employees or as part of the city's emergency cash holdings, as Suarez has proposed, would add legitimacy to the cryptocurrency and further entrench it in the U.S. economic system.

Dion Rabouin, author of Markets
10 mins ago - Politics & Policy

Miami mayor acknowledges Big Tech plans could hurt the city's poor

Photo: "Axios on HBO"

Miami Mayor Francis Suarez's ambitions to attract Big Tech has generated a lot of headlines — but it will likely come with some negative impacts for current residents, for which the mayor admits there may not be solutions.

What he's saying: "Gentrification is real," Suarez told "Axios on HBO." But even with his efforts to promote affordable housing, he argues that "government has a limited amount of resources and a limited amount of ability to stop things that are market driven."

Trump's assault on Chinese tech left loose ends galore

Illustration: Sarah Grillo/Axios

President Trump's haphazard war on Chinese tech has left the Biden administration with a raft of unfinished business involving efforts to restrict Chinese firms and products in U.S. markets.

Why it matters: The Chinese and American tech industries are joined at the hip in many ways, and that interdependence has shaped decades of prosperity. But now security concerns and economic rivalries are wrenching them apart.

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