Photo: Michael Brochstein/SOPA Images/LightRocket via Getty Images

The House voted along party lines on Thursday in favor of establishing a select committee to oversee the federal government's response to the novel coronavirus.

Why it matters: The committee, chaired by House Majority Whip Jim Clyburn (D-S.C.), will have subpoena power and broad authority to investigate how the Trump administration uses the trillions of dollars in coronavirus relief allocated by Congress.

  • House Speaker Nancy Pelosi announced the formation of the committee earlier this month, but needed the full House's approval before formally establishing the panel.
  • The committee will be a special investigatory subcommittee under the Oversight Committee.

Between the lines: Republicans have voiced concerns that the committee will be partisan, though the resolution states that seven Democrats and five Republicans will be appointed to the panel.

  • During a press conference Wednesday, McCarthy said he doesn't see the point of creating a select committee to oversee stimulus spending, calling it "redundant."
  • "We already have three other committees" to conduct oversight of the allocation of stimulus funds, he said.

The big picture: The committee won't be the only mechanism intended to provide oversight of the coronavirus response.

  • Last month's stimulus package established a new special inspector general appointed by the president, a separate panel of inspectors general, and $20 million for the Government Accountability Office.
  • However, President Trump has already partially kneecapped the oversight effort by firing the Pentagon's acting inspector general Glenn Fine, who had been selected to chair the panel.

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The next stimulus takes center stage — just as it runs dry

Illustration: Sarah Grillo/Axios

Big Tech was buoyed by the exact thing that prevented the dreadful GDP report from being even worse in the second quarter: the pandemic stimulus measures.

Why it matters: The stimulus is in the spotlight as its key expanded unemployment benefits provision is set to lapse despite coronavirus cases surging across the country, reimposed lockdown measures and more businesses shuttering.

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Taiwan reaches a record 200 days with no local coronavirus cases

Catholics go through containment protocols including body-temperature measurement and hands-sanitisation before entering the Saint Christopher Parish Church, Taipei City, Taiwan, in July. Photo: Ceng Shou Yi/NurPhoto via Getty Images

Taiwan on Thursday marked no locally transmitted coronavirus cases for 200 days, as the island of 23 million people's total number of infections reported stands at 550 and the COVID-19 death toll at seven.

Why it matters: Nowhere else in the world has reached such a milestone. While COVID-19 cases surge across the U.S. and Europe, Taiwan's last locally transmitted case was on April 12. Experts credit tightly regulated travel, early border closure, "rigorous contact tracing, technology-enforced quarantine and universal mask wearing," along with the island state's previous experience with the SARS virus, per Bloomberg.

Go deeper: As Taiwan's profile rises, so does risk of conflict with China

Updated 43 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: Biden ahead in Wisconsin, Michigan as cases surge in the Midwest.
  2. Health: Fauci says U.S. may not return to normal until 2022 — Trump's testing czar: Surge "is real" and not just caused by more tests Some coronavirus survivors have "autoantibodies."
  3. Business: Consumer confidence sinking Testing is a windfall.
  4. World: Europe faces "stronger and deadlier" wave France imposes lockdown Germany to close bars and restaurants for a month.
  5. Sports: Boston Marathon delayed MLB to investigate Dodgers player who joined celebration after positive COVID test.