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Two staffers at the National Economic Council are getting promotions to the deputy director level in the wake of tax cuts becoming law, Gary Cohn told staff this morning.

Quick hits: Shahira Knight, a driving force on tax reform, will be deputy director for domestic policy, according to a White House official. Ashley Marquis, who was Cohn's chief of staff and is a Bush administration veteran, will be deputy for economic affairs. They join Everett Eissenstat, who is deputy for international affairs.

Big picture: The NEC has been a force in the administration, and sources throughout the White House describe the NEC as its biggest magnet for talent. These moves simultaneously reflect the void left by the departure of former Cohn deputy Jeremy Katz, whose exit has been a bigger blow than many realize, but also the deep bench he helped build in his tenure.

What comes next: Most people in the White House believe Cohn won’t stay for much longer. But Cohn himself rebutted that widespread view in a recent interview with Mike Allen.

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Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Americans feel Trump's sickness makes him harder to trustFlorida breaks record for in-person early voting — McConnell urges White House not to strike stimulus deal before election — Republican senators defend Fauci as Trump escalates attacks.
  2. Health: The next wave is gaining steam.
  3. Education: Schools haven't become hotspots — University of Michigan students ordered to shelter-in-place.
  4. World: Ireland moving back into lockdown — Argentina becomes 5th country to report 1 million infections.

Report: Goldman to settle DOJ probe into Malaysia's 1MDB for over $2B

Illustration: Lazaro Gamio/Axios

Goldman Sachs has agreed with the Department of Justice to pay over $2 billion for the bank's role in Malaysia's multi-billion dollar scandal at state fund 1MDB, Bloomberg first reported.

Why it matters: The settlement, expected to be announced within days, would allow Goldman Sachs to avoid a criminal conviction in the U.S. over the bribery and money laundering scandal that saw three of its former bankers banned for life from the banking industry by the Federal Reserve Board.

Trump threatens to post "60 Minutes" interview early after reportedly walking out

Trump speaks to reporters aboard Air Force One, Oct. 19. Photo: Mandel Ngan/AFP via Getty Images

President Trump tweeted on Tuesday that he was considering posting his interview with CBS' "60 Minutes" prior to airtime in order to show "what a FAKE and BIASED interview" it was, following reports that he abruptly ended the interview after 45 minutes of taping.

Why it matters: Trump has escalated his war on the media in the final stretch of his re-election campaign, calling a Reuters reporter a "criminal" this week for not reporting on corruption allegations about Hunter Biden and disparaging CNN as "dumb b*stards" for the network's ongoing coronavirus coverage.