Apr 22, 2019

Herman Cain withdraws from Fed Board consideration

President Trump announced in a Monday tweet that Herman Cain is withdrawing his name from consideration as a member of the Federal Reserve's Board of Governors, a week after Cain said he wouldn't withdraw.

"My friend Herman Cain, a truly wonderful man, has asked me not to nominate him for a seat on the Federal Reserve Board. I will respect his wishes. Herman is a great American who truly loves our Country!"

The big picture: Cain's potential nomination to the Fed already faced pushback from Republican senators due to sexual assault allegations, which he has previously denied. He told the Wall Street Journal last week, "I don't quit because of negative criticism. ... I don't quit because of negative attacks. And I don't quit because several senators have expressed reservations about my qualifications."

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Updated 9 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 3 p.m. ET: 6,325,303 — Total deaths: 377,460 — Total recoveries — 2,727,679Map.
  2. U.S.: Total confirmed cases as of 3 p.m. ET: 1,820,523 — Total deaths: 105,644 — Total recoveries: 458,231 — Total tested: 17,340,682Map.
  3. 2020: N.C. governor says GOP should plan for a "scaled-down convention."
  4. Public health: Protests against police brutality threaten coronavirus response — Controlling the virus in nursing homes won't be easy.
  5. Business: More than 1 in 6 black workers lost jobs between February and April.
  6. Media: Interest in the George Floyd protests has soared past the coronavirus.
Updated 2 hours ago - Politics & Policy

Updates: George Floyd protests nationwide

Police officers wearing riot gear push back demonstrators outside of the White House on Monday. Photo: Jose Luis Magana/AFP via Getty Images

Protests over the death of George Floyd and other police-related killings of black people continued across the U.S., inciting a federal response from President Trump, the National Guard, Immigration and Customs Enforcement and Customs and Border Protection.

The latest: Immigration agents have been deployed to assist federal, state and local law enforcement. The U.S. Secret Service closed the streets immediately on all four sides of the White House Tuesday, until "riots become peaceful, or stop."

2 hours ago - Science

NASA passes the torch

Illustration: Eniola Odetunde/Axios

With the historic crewed SpaceX launch last weekend, NASA passed the torch to private companies that will need to step up to build the economy the space agency envisions in orbit.

Why it matters: This new era of spaceflight will likely be marked by new conflicts — possibly including product placement (like the Tesla that drove the astronauts to the pad on Saturday), safety concerns and cultural differences between companies, the space agencies and people they serve.