Apr 9, 2017

K.T. McFarland to leave White House

Pablo Martinez Monsivais / AP

Former Fox News commentator K.T. McFarland has been asked to step down as Donald Trump's Deputy National Security Adviser, Bloomberg reports. She will reportedly be offered a new post, as ambassador to Singapore. Here's what you need to know:

  • National Security Adviser H.R. McMaster is being given the opportunity to bring in his own team.
  • This comes days after Steve Bannon was removed from the National Security Council.
  • Nat Sec shakeup following Mike Flynn's resignation continues.

Go deeper

The Americans who can't hide from coronavirus

Illustration: Eniola Odetunde/Axios

The stock markets are in bad shape, but for the millions of Americans who aren’t invested in stocks, coronavirus is presenting a far more imminent concern.

Why it matters: Quarantines usually work with at least 90% participation, but many Americans lack the flexibility to work remotely, take a sick day or absorb having schools close.

Wall Street notches worst week for stocks since 2008

Traders work on the floor of the New York Stock Exchange. Photo: Scott Heins/Getty Images

Stocks closed down about 1% on Friday, ending the worst week for Wall Street since the financial crisis.

Why it matters: The stretch of declines came after a spike in coronavirus cases around the world earlier this week. The steep losses prompted questions about the fate of the record-long economic expansion, as well as a rare statement from the Federal Reserve.

Go deeper: The growing coronavirus recession threat