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Treasury Secretary Steve Mnuchin. Photo: Nicholas Kamm / AFP via Getty Images.

Treasury Secretary Steve Mnuchin announced Thursday that he will be leading the economic delegation for President Trump at the World Economic Forum in Davos. He added that several Cabinet members will also be joining him.

Some critics have said Trump's attendance could be viewed as out of step with his message of "economic populism." Mnuchin defended his boss, stating that it isn't "a hangout for globalists" and that the U.S. will be there to push its America First agenda.

More from Mnuchin:

  • Cabinet's presence in Davos: Cabinet member have "no interest in going over there and rubbing elbows with anybody. ... This trip is all business."
  • He said the Treasury Department and IRS have released new withholding tables for employers, meaning workers and their families "will receive larger paychecks starting in February": "We're estimating that 90% of workers will see an increase in take-home pay."
  • Mnuchin thanked Walmart for its earlier announcement on wage increases, employee bonuses, and expanded benefits, citing GOP tax cuts. He did not mention that Walmart also announced it's closing 63 of its Sam's Club stores.
  • NAFTA: "We expect that will be re-negotiated, or we'll pull out."
  • Iran sanctions: "The president has been very clear that there are aspects of the Iran deal that need to be changed … we have as many sanctions on Iran today as we have on any other country."

Go deeper

Updated 3 hours ago - Politics & Policy

Omicron dashboard

Illustration: Shoshana Gordon/Axios

  1. Health: CDC director says number of U.S. Omicron cases "likely to rise" — Two years of COVID-19 — Prior coronavirus infections may not protect well against Omicron.
  2. Vaccines: Data demonstrates most-vaccinated counties less vulnerable to worst of COVID — Omicron adds urgency to vaccinating world — Omicron fuels the case for COVID boosters.
  3. Politics: Nevada to impose insurance surcharge on unvaccinated state workers — New Jersey GOP lawmakers defy statehouse COVID policy — Oklahoma sues Biden administration over Pentagon vaccine mandate.
  4. World: Vaccine mandates lose steam in the U.S. while Europe doubles downWHO: Delta health measures help fight Omicron — COVID cases surge in South Africa in sign Omicron wave is coming.
  5. Variant tracker: Where different strains are spreading.

Vulnerable Democrats: Less Trump talk

Illustration: Aïda Amer/Axios

Vulnerable House Democrats are convinced they need to talk less about the man who helped them get elected: President Trump.

Why it matters: Democrats are privately concerned nationalizing the 2022 mid-terms with emotionally-charged issues — from Critical Race Theory to Donald Trump's role in the Jan. 6 insurrection — will hamstring their ability to sell the local benefits of President Biden's Build Back Better agenda.

Updated 5 hours ago - Politics & Policy

Bipartisan tributes flood in for "giant of the Senate" Bob Dole

Then-Vice President Joe Biden and former Sen. Bob Dole at an event put on by the World Food Program at which he was awarded the first “McGovern-Dole Leadership Award” in December 2013. Photo: Douglas Graham/CQ Roll Call

Republican and Democratic politicians, including former Senate colleagues, are sharing condolences and memories commemorating the life of Bob Dole, who passed away at 98 on Sunday morning.

The big picture: Dole, the Republican presidential nominee in 1996, was the longest-serving Republican leader in the Senate until 2018, when current Senate Minority Leader Mitch McConnell surpassed his record.