Here's how badly President Trump was defeated in his goal of reining in federal spending. His budget proposal called for deep spending cuts, except for a big increase in defense. Instead, as this visual shows, the omnibus spending bill he signed last week boosts spending in all major categories, including defense — leading to the $1.3 trillion budget Trump complained about.
Note: Defense, State and Foreign Operations, and Military Construction and Veterans Affairs funding includes base and Overseas Contingency Operations funding. Data: Democratic Committee on Appropriations; Chart: Chris Canipe/Axios
The details:Per the Committee for a Responsible Federal Budget, the bill includes a 13% increase in overall spending over last year, plus an additional $110 billion through what it calls "clear budget gimmickry."
What's next: Trump promised he would "never sign another bill like this again," and his next budget proposes deep cuts all over again. But Congress has already proven it's not ready to follow along — partly because Republicans can't pass spending bills without some Democratic votes, but also because the Republicans who write the spending bills have their own priorities.
Amazon is an iceberg: People only see what's above the surface. Meanwhile, underneath, the company just keeps expanding.
Why you'll hear about this again: This has proven true time and time again. When people thought of Amazon as a bookstore, it was already on its way to being an e-commerce giant. When all people saw was an e-commerce giant, Amazon was well on its way to being a marketplace and web services provider.
Amazon Prime — with its expansion into video and music services and its moves into brick and mortar — has been similarly underestimated, though people have at least learned to fear what the company might be up to next.
Here are a couple of new data points suggesting how huge the Amazon iceberg has grown — and where it's headed:
After years of being vague about numbers, Amazon confirmed Tuesday that there are 100 million Amazon Prime subscribers. That means they have managed to convince a huge swath of the U.S. population to sign up. (Amazon didn't break out how many of the Prime subscribers were in the U.S. vs. international.)
Amazon struck a deal with Best Buy that will see the electronics chain carry televisions with Amazon's Fire TV built in. Now, fast forward a few years and which seems more likely — that this headline will come back to haunt Amazon when Best Buy takes over the online electronics business or that Amazon will get the last laugh?
Amazon is announcing today "blueprints" for Alexa, a way for home users to easily create their own quizzes and games for Echo and other devices. Again, some looked at the Echo and saw a smart speaker, where Amazon has quietly built an entirely new operating system.
Go deeper: Axios business editor Dan Primack and I went back and forth about Amazon's size and strength in a video earlier this year.
