Oct 26, 2017 - Politics & Policy

House passes budget resolution, clears way for tax reform

Paul Ryan earlier this summer. Photo: Andrew Harnik / AP

The House passed the Senate's budget resolution by a vote of 216-212 this morning, paving the way for the GOP's tax plan over the coming weeks.

What's next: Paul Ryan has promised a blazing fast timeline for passing a Republican tax plan, hoping to get it done by Thanksgiving — but promising earlier this month that he'd keep the House in session through Christmas if necessary.

Republicans voting no: The GOP lost 20 representatives on the vote — with a large portion from high-tax states. They're concerned about the tax plan's removal of the state and local tax deduction, which would disproportionately affect their constituents.

And President Trump chimed on via his favorite medium, Twitter:

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Bob Herman
7 mins ago - Health

Trump administration invests $2 billion in coronavirus drugs

A Novavax researcher prepares to test the vaccine. Photo: Andrew Caballero-Reynolds/AFP via Getty Images

The Department of Health and Human Services and Department of Defense have awarded $1.6 billion to Novavax and $450 million to Regeneron Pharmaceuticals as part of the federal government's efforts to speed up the development of coronavirus treatments.

The bottom line: Federal scientists are holding out hope that these companies' treatments, along with other vaccines in development, will snuff out the spread of the coronavirus.

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Dan Primack
18 mins ago - Economy & Business

Breaking down the PPP disclosure debacle

Illustration: Eniola Odetunde/Axios

The U.S. Treasury Department Monday morning released the names over 660,000 small businesses that received Paycheck Protection Program loans of at least $150,000, per its recent compromise with Congress. Well, at least that's what we thought Treasury did.

What happened: Within hours, several well-known companies and investment firms on the list denied that they had ever applied for PPP loans, let alone received them.

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Axios
Updated 31 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 10 a.m. ET: 11,653,442 — Total deaths: 538,933 — Total recoveries — 6,336,160 — Map.
  2. U.S.: Total confirmed cases as of 10 a.m. ET: 2,939,540 — Total deaths: 130,312 — Total recoveries: 924,148 — Total tested: 36,032,329 — Map.
  3. Axios-Ipsos Coronavirus Index: Our response is becoming more polarized.
  4. Business: Rising cases pause U.S. economic recovery — Hospitals, doctors are major recipients of PPP loans.
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