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Trump Pence, McConnell and Ryan in the Oval Office. Photo: Evan Vucci / AP

Momentum is shifting towards the House taking up and passing the Senate budget. The House Freedom Caucus and other House conservatives have signaled to leadership that they'd be willing to comply with President Trump's request to move quickly and skip the conference. House and Senate sources were optimistic Thursday evening after working all day on this deal; but nothing is sealed yet.

Why this matters: If they cut this deal it shows that Republicans in both the House and Senate are willing to bend over backwards and make concessions so tax reform can get moving.

  • Top sources in both chambers signal it's likely — though not certain — that the Senate adds a budget amendment that appeases the House. Then the House can pick up and pass the Senate budget, paving the way to get to tax reform. The amendment is expected to be highly technical in nature; and we don't have full details yet.
  • A source close to House Budget Chairman Diane Black: "Chairman Black has been working with the White House and House and Senate leadership on an amendment to the Senate budget that would allow both chambers to be unified and move quickly to tax reform."

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How Trump and Biden would steer the future of transportation

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President Donald Trump and Democratic challenger Joe Biden would likely steer automotive policy in different directions over the next four years, potentially changing the industry's road map to the future.

Why it matters: The auto industry is on the cusp of historic technological changes and the next president — as well as the next Congress — could have an extraordinary influence on how the future of transportation plays out.

Dan Primack, author of Pro Rata
2 hours ago - Economy & Business

IPOs keep rolling despite stock market volatility

Illustration: Aïda Amer/Axios

Stock market volatility is supposed to be kryptonite for IPOs, causing issuers to hide out in their private market caves.

Yes, but: This is 2020, when nothing matters.

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