Carlos Urzua Cordero. Photo: PEDRO PARDO/Getty Images

The Mexican peso fell 1.3%, the largest amount in 4 weeks, against the U.S. dollar on Tuesday after Mexico's Finance Minister Carlos Urzúa resigned unexpectedly.

What happened: Urzúa sent a letter to Mexican President Andrés Manuel López Obrador in which he suggested members of the president's inner circle with "patent conflict of interest" had meddled in policy and that decisions had been made without "sufficient foundation."

Why it matters: López Obrador had worried investors as a candidate with his fiery rhetoric and hard-left policy prescriptions. But his choice of Urzúa, along with other more mainstream officials, for his cabinet had helped soothe market angst.

  • In his letter, Urzúa said "all economic policy should be based on evidence... free of all extremism, be it right or left." During his time in the administration he said that philosophy did not "find echo."

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Biden: The next president should decide on Ginsburg’s replacement

Joe Biden. Photo: Drew Angerer / Getty Images

Joe Biden is calling for the winner of November's presidential election to select Ruth Bader Ginsburg's replacement on the Supreme Court.

What he's saying: "[L]et me be clear: The voters should pick the president and the president should pick the justice for the Senate to consider," Biden said. "This was the position the Republican Senate took in 2016 when there were almost 10 months to go before the election. That's the position the United States Senate must take today, and the election's only 46 days off.

Trump, McConnell to move fast to replace Ginsburg

Photo: Alex Wong/Getty Images

President Trump will move within days to nominate his third Supreme Court justice in just three-plus short years — and shape the court for literally decades to come, top Republican sources tell Axios.

Driving the news: Senate Majority Leader Mitch McConnell and Senate Republicans are ready to move to confirm Trump's nominee before Election Day, just 46 days away, setting up one of the most consequential periods of our lifetimes, the sources say.

Updated 8 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10 p.m. ET: 30,393,591 — Total deaths: 950,344— Total recoveries: 20,679,272Map.
  2. U.S.: Total confirmed cases as of 10 p.m. ET: 6,722,699 — Total deaths: 198,484 — Total recoveries: 2,556,465 — Total tests: 92,163,649Map.
  3. Politics: In reversal, CDC again recommends coronavirus testing for asymptomatic people.
  4. Health: Massive USPS face mask operation called off The risks of moving too fast on a vaccine.
  5. Business: Unemployment drop-off reverses course 1 million mortgage-holders fall through safety netHow the pandemic has deepened Boeing's 737 MAX crunch.
  6. Education: At least 42% of school employees are vulnerable.