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Chuck Kennedy

Michigan Sen. Debbie Stabenow joined this morning's Axios roundtable event on the economy with Chuck Todd and NBC News. Though, unsurprisingly, the conversation largely revolved around governing in the age of Trump:

  • The #1 request she gets in Michigan: "Professional technical jobs, building construction jobs — folks that can actually make things and do things."
  • Trump's messages: "It sounds like a Democrat, it sounded like me. You can take one of my trade speeches...and his, and go, 'Oh, they're from the same party.'"
  • How Democrats can succeed: "It is going to our core. We are the party that are willing to take risks to make things better...We believe in our core in an economy that actually works for everybody. That is how you grow America."
  • On Russia: "I've stopped going, 'Oh my gosh, I can't believe this happened.'"

Go deeper

GOP Sen. Chuck Grassley announces run for re-election

Photo: Greg Nash/The Hill/Bloomberg via Getty Images

Sen. Chuck Grassley (R-Iowa), the longest-serving Senate Republican, announced on Friday that he's running for re-election in 2022.

Why it matters: The GOP is looking to regain control of both chambers of Congress in the upcoming midterm elections. Several Republicans had urged the 88-year-old senator to run to avoid another retirement after five incumbent senators said they wouldn't seek re-election.

China deems all cryptocurrency transactions illegal

A person walking past China's central bank in Beijing in August 2007. Photo: Teh Eng Koon/AFP via Getty Images

China's central bank declared on Friday that all cryptocurrencies are illegal, banning crypto-related transactions and cryptocurrency mining, according to Reuters.

Why it matters: China's government is now following through with its goal of cracking down on unofficial virtual currencies, which it has said are a financial, social and national security risk and a contributor to global warming.

Biden's big bet backfires

Two key dealmakers — Sen. Joe Manchin (D-W.Va.) and Sen. Mark Warner (D-Va.) — leave a luncheon in the Capitol yesterday. Photo: Kent Nishimura/L.A. Times via Getty Images

President Biden bit off too much, too fast in trying to ram through what would be the largest social expansion in American history, top Democrats privately say.

Why it matters: At the time Biden proposed it, he had his mind set on a transformational accomplishment that would put him in the pantheon of FDR and JFK.