Apr 14, 2020 - Politics & Policy

Rep. Justin Amash says he's looking "closely" at presidential run

Rep. Justin Amash at the Capitol in March. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Rep. Justin Amash (I-Mich.) tweeted Monday that he's looking "closely" at a third-party presidential bid, as he criticized President Trump for claiming during a coronavirus briefing that his "authority is total."

The big picture: The libertarian, who left the Republican Party last July, said Americans deserve another option — prompting a Twitter user to say, "Please be you." He replied, "Thanks. I’m looking at it closely this week." Amash was first reported to be weighing the idea last May of challenging Trump in the presidential election.

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1.9 million Americans filed for unemployment last week

Photo: Mario Tama/Getty Images

Another roughly 1.9 million people filed for unemployment last week, the Department of Labor said on Thursday.

The big picture: The coronavirus pandemic is still putting a historic strain on the labor market, though the pace of unemployment applications continues to slow.

The risk asset rally continues as stock market rebounds

Illustration: Sarah Grillo/Axios

Risk assets have jumped over the past week and continued their rally on Wednesday, with the S&P 500 gaining for a fourth straight day and posting its highest close since March 4, while the Nasdaq ended the day just 1.4% below its all-time high.

What it means: If it hadn't been evident before, Wednesday's market action made clear that the bulls are back in charge.

Trump's troubles grow, spread

Photo: Tasos Katopodis/Getty Images

President Trump is confronting the most dire political environment of his presidency, with his support dropping fast from Texas to Wisconsin, even among his base of religious and older voters. 

Why it matters: Top Republicans tell Axios that Trump's handling of the nation's civil unrest, including his hasty photo op at St. John's Church after the violent clearing of Lafayette Park, make them much more worried about his chance of re-election than they were one week ago.