Senate Majority Leader Mitch McConnell. Photo: Tom Williams/CQ Roll Call

Senate Majority Leader Mitch McConnell (R-Ky.) on Wednesday railed against a sweeping election reform and anti-corruption package by House Democrats that includes a proposal to make Election Day a federal holiday, which he claimed would hand Democrats too much power.

"This is the Democrat plan to restore democracy? A brand-new week of paid vacation for every federal employee who would like to hover around while you cast your ballot? A Washington-based taxpayer-subsidized clearinghouse for political campaign funding? A power grab that’s smelling more and more like what it is.”

The big picture: Other provisions in the bill, which McConnell mocks as the "Democratic Politician Protection Act," would increase federal funding and provide paper ballots for state voter systems, expand access to early and online voter registration, restrict big money in politics, and require presidents to disclose their tax returns.

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Trump's new TikTok threat

Photo illustration: Aïda Amer/Axios. Photo: Jim Watson/AFP via Getty Images

President Trump said twice Monday that the U.S. Treasury would need to get a portion of the sale price of TikTok, as a condition of regulatory approval.

Why it matters: This is akin to extortion — the sort of thing you'd expect to hear on a wiretap, not from the White House in front of reporters.

Ford names James Farley as new CEO amid ongoing turnaround effort

James Hackett, left, is retiring as Ford CEO. Jim Farley, right, takes over Oct. 1. Photo: Ford

Ford announced Tuesday that James Farley will take over as its next CEO, replacing James Hackett, 65, who is retiring after three years in the job.

Why it matters: It leaves Farley to complete the company's ongoing turnaround effort. The transition will be that much harder as the industry tries to navigate the coronavirus-induced economic slowdown which shuttered Ford plants for two months on the eve of some of its most important vehicle launches.

Updated 3 hours ago - Politics & Policy

Watch the full "Axios on HBO" interview with President Trump

In this episode of “Axios on HBO”, President Trump discusses his handling of the coronavirus pandemic, the upcoming election and much more with National Political Correspondent Jonathan Swan.

The interview was filmed on Tuesday, July 28 and aired Monday, Aug. 3 on HBO.