Vice President Mike Pence with Axios' Mike Allen. Photo: Chuck Kennedy

Vice President Mike Pence told Axios' Mike Allen on Wednesday President Trump "always believes in talking [with North Korea], but talking is not negotiating."

Why it matters: He said nothing will change with North Korea until they give up their pursuit of nuclear weapons. He said they must "completely, verifiably, and completely abandon" its missile programs, and "only then can we consider any change in posture by the United States or the international community."

  • He called North Korea "the most tyrannical and oppressive regime on the planet," which is "nothing short of a prison state."
  • On U.S. military options against North Korea: "The United States has viable military options to deal with the threat of nuclear and ballistic missiles from North Korea…we want to exhaust every opportunity to make sure North Korea understands our intentions and the seriousness of the USA and our allies."
  • On seeing Kim Yo-jung at the 2018 Olympics: "I didn’t avoid the dictator’s sister, but I did ignore her…I didn’t believe it was proper for the USA to give her any attention in that forum."

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8 states set single-day coronavirus case records last week

Data: Compiled by Axios; Map: Danielle Alberti/Axios

8 states set new highs last week for coronavirus infections recorded in a single day, according to the COVID Tracking Project (CTP) and state health departments. Montana, West Virginia, and Wyoming surpassed records from the previous week.

Why it matters: Cases and hospitalizations are rising in Michigan, a state that initially fought the pandemic with strict mitigation efforts, alongside states that took less action against the spread of the virus this spring.

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Coronavirus dashboard

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  2. Map: 38 states, D.C. see surge in cases.
  3. Health: Coronavirus hospitalizations are on the rise — Fauci says he's "absolutely not" surprised Trump got coronavirus.
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  5. Sports: We've entered the era of limited fan attendance.
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Dion Rabouin, author of Markets
4 hours ago - Economy & Business

The Fed is starting to question its own policies

Illustration: Aïda Amer/Axios

Several officials at the Fed are beginning to worry about asset bubbles and excessive risk-taking as a result of their extraordinary policy interventions, James Politi writes for the Financial Times, citing interviews with multiple Fed presidents and members of the Board of Governors.

Details: Some are now pushing for "tougher financial regulation" as concerns grow that monetary policy is "encouraging behavior detrimental to economic recovery and creating pressure for additional bailouts."