Chuck Kennedy

House Financial Services Chair Jeb Hensarling joined this morning's Axios roundtable event on the economy with Chuck Todd and NBC News. He weighed in on how Republicans can move forward with tax reform and health care under President Trump:

  • The schedule: "I think health care needed to be the lead, and I think it's critical to getting tax reform done."
  • What tax reform will look like: "I still remain optimistic…I'm absolutely convinced that we'll see tax reform. Whether it's good, better, or best, I don't know yet."
  • His economic fears: "I'm very concerned about the long term trends. Bailouts beget bailouts... I fear that we may be repeating the same mistakes."
  • His thoughts on Trump: "Am I proud of President Trump? The short answer is 'yes' because I think he's going to make my constituents' lives freer and more prosperous…Personally, any doubts I ever had were erased when he chose Mike Pence."

Go deeper

42 mins ago - World

Jeremy Corbyn suspended by U.K. Labour Party over anti-Semitism report

Photo: Christopher Furlong/Getty Images

The U.K. Labour Party has suspended its former leader, Jeremy Corbyn, after a watchdog report found that the party failed to properly take action against allegations of anti-Semitism during his time in charge.

Why it matters: It represents a strong break by Keir Starmer, Labour's current leader, from the Corbyn era and one of the party's most persistent scandals.

U.S. economy sees record growth in third quarter

The U.S. economy grew at a 33.1% annualized pace in the third quarter, the Commerce Department said on Thursday.

The state of play: The record growth follows easing of the coronavirus-driven lockdowns that pushed the economy to the worst-ever contraction — but GDP still remains well below its pre-pandemic level.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day — Fauci says U.S. may not return to normal until 2022
  2. Politics: Space Force's No. 2 general tests positive for coronavirus
  3. World: Taiwan reaches a record 200 days with no local coronavirus cases
  4. 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.

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