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Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

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Data: U.S. Census Bureau; Chart: Axios Visuals

While U.S. retail sales saw the largest month-over-month increase on record in May, year-over-year sales actually declined by 6.1%.

The big picture: Excluding the prior two months, May's $485.5 billion of sales was the lowest since August 2017.

  • Retail sales have been under $500 billion in each of the past three months after holding above that marker every month since May 2018.
  • Even after this month's bounceback, the decline from February to May is nearly equal to the largest decline recorded in a similar period during the Great Recession.

Worth noting: May's increase came during a time when parts of the country remained under quarantine orders and some states had yet to fully reopen.

  • And the 17.7% monthly jump is the largest in U.S. history.

Go deeper: Survival of the biggest: Coronavirus transforms retail

Go deeper

CEO confidence rises for the first time in over 2 years

Data: Business Roundtable; Chart: Naema Ahmed/Axios

A closely-watched CEO economic confidence index rose for the first time after declining for nine straight quarters, according to a survey of 150 chief executives of the biggest U.S. companies by trade group Business Roundtable.

Why it matters: The index, which still remains at a decade low, reflects corporate America's expectations for sales, hiring and spending — which plummeted amid uncertainty when the pandemic hit.

Progressives to file resolution to strip Boebert's committee seats

Rep. Lauren Boebert walking through the Senate side of the U.S. Capitol earlier this month. Photo: Drew Angerer/Getty Images

House progressives are planning to introduce a resolution on Wednesday to strip Rep. Lauren Boebert (R-Colo.) of her committee assignments, according to a Democratic aide familiar with the matter.

Why it matters: The move, which was first reported by the Washington Post, comes as progressives — anxious to see the right-wing firebrand face retribution for her recent comments — have grown frustrated by Democratic leadership's inaction on the issue.

Roger Stone won't cooperate with Jan. 6 panel

Longtime Trump confidante Roger Stone speaking in front of the Supreme Court on Jan. 5 in Washington, D.C. Photo: Tasos Katopodis/Getty Images

Longtime Trump confidante Roger Stone won't cooperate with the House select committee investigating the Jan. 6 Capitol riot and will invoke the Fifth Amendment right not to testify, his attorney said Tuesday evening.

Why it matters: The announcement, first reported by ABC News, came hours after former White House chief of staff Mark Meadows said he wouldn't cooperate with the probe.